Alabama Health Research and Education Foundation Inc

Analysis

Alabama Health Research and Education Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 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 June 2023, Alabama Health Research and Education Foundation Inc reported income of $100k and spending of $119k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $115k to $100k (-13%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Health Research and Education Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include After School Activities Program Inc ($100k), Royal Oak Football Teams Inc ($100k) and American Society of Civil Engineers ($100k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $8.3m against liabilities of $8.3m, net assets of $8,032.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.