Community Foundation of West Alabama

Analysis

Community Foundation of West Alabama is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Foundation of West Alabama reported income of $3.0m and spending of $1.7m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of West Alabama sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Wayne County Community Foundation ($3.0m), Alotian Charitable Events ($3.0m) and Air International ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $45k (2.6% of expenses). Other salaries and wages came to $27k. At year end it held assets of $17.1m against liabilities of $3.8m, net assets of $13.3m. It reported 3 employees.