Alabama Institute for Education in the Arts

Analysis

Alabama Institute for Education in the Arts is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alabama Institute for Education in the Arts reported income of $118k and spending of $156k, spending 132% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $103k to $118k (+15%), an average of +7.5% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Institute for Education in the Arts sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Independent Mountain Men Living History Society Inc ($118k), Finlandia Foundation New York Metropolitan Chapter Inc ($118k) and Spokane Jazz Society ($118k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 4.2% of the total. At year end it held assets of $261k against liabilities of $5,000, net assets of $256k.

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.