Alabama Elks Trust Inc Trust Fund

Analysis

Alabama Elks Trust Inc Trust Fund is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Alabama Elks Trust Inc Trust Fund reported income of $122k and spending of $104k, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $147k to $122k (-17%), an average of -4.5% a year. The sharpest change came in the year to May 2022, when income rose by 41%. Over the whole period it spent 130% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Alabama Elks Trust Inc Trust Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within AL. Charities of a similar size with the same main cause include Nebo United Soccer Club ($122k), Anacostia Community Boathouse Association ($122k) and Elk River Area Youth Volleyball ($122k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $367k against liabilities of $0, net assets of $367k.