University of Alabama Huntsville Foundation

Analysis

University of Alabama Huntsville Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 1964, 62 years ago. 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 September 2023, University of Alabama Huntsville Foundation reported income of $35.3m and spending of $25.0m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.3m to $35.3m (+730%), an average of +70% a year. The sharpest change came in the year to September 2020, when income rose by 109%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Alabama Huntsville Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Acs Development Company I Inc ($35.3m), American Water Works Association ($35.4m) and Community Action Partnership of Ramsey and Washington Counties ($35.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $121.0m against liabilities of $13.3m, net assets of $107.7m.