Alabama State University Foundation Inc

Analysis

Alabama State University Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in November 1968, 58 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 December 2023, Alabama State University Foundation Inc reported income of $8.5m and spending of $7.3m, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.2m to $8.5m (+166%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama State University Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Vita Living Inc ($8.5m), Horizon House of Illinois Valley Inc ($8.5m) and Guardian Angels of Elk River Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $11.6m against liabilities of $90k, net assets of $11.5m.