Alabama Affordable Housing Association Scholarship Fund

Analysis

Alabama Affordable Housing Association Scholarship Fund is a registered charity in United States, based in Fairhope, AL. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Affordable Housing Association Scholarship Fund reported income of $192k and spending of $103k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $192k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alabama Affordable Housing Association Scholarship Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Kentwood Education Fund ($192k), Accelerate4kids Foundation ($192k) and Trailhead Perspectives Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $487k against liabilities of $0, net assets of $487k.