Historic Tuscaloosa Inc

Analysis

Historic Tuscaloosa Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in December 1968, 58 years ago. 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 August 2023, Historic Tuscaloosa Inc reported income of $215k and spending of $271k, spending 126% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $215k to $215k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Tuscaloosa Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include World Leisure & Recreation Association Inc ($215k), Bucks County Symphony Society ($215k) and Right to Life Michiana Education Fund Inc ($215k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $58k (21% of expenses). At year end it held assets of $199k against liabilities of $23k, net assets of $176k. It reported 6 employees.

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.