Cultural and Educational Advancement Foundation Inc

Analysis

Cultural and Educational Advancement Foundation Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cultural and Educational Advancement Foundation Inc reported income of $249k and spending of $239k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $249k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural and Educational Advancement Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Allison-Antrim Museum Inc ($249k), Muster Field Farm Museum ($249k) and Film Fleadh Foundation ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.