Alabama Boys Industrial School Endowment

Analysis

Alabama Boys Industrial School Endowment is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Alabama Boys Industrial School Endowment reported income of $76k and spending of $145k, spending 192% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $68k to $76k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 156%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Boys Industrial School Endowment sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include Fairfax Rotary Educational Foundation ($76k), American Society of Pharmacognosy Foundation ($76k) and The Granville Parent Cooperative Preschool ($76k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% of the total. Compensation of current officers, directors and key employees was $18k (12% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.