Alabama Housing Foundation Inc

Analysis

Alabama Housing Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Alabama Housing Foundation Inc reported income of $94k and spending of $73k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $94k (-11%), an average of -11% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alabama Housing Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within AL. Charities of a similar size with the same main cause include June10 Inc ($94k), Plummer Home Inc ($94k) and Back of the Hill Community Development Corporation ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.