Alabama Multifamily Loan Consortium

Analysis

Alabama Multifamily Loan Consortium is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Multifamily Loan Consortium reported income of $545k and spending of $519k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $545k (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Multifamily Loan Consortium sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include China Ministries International ($545k), Bay-Atlantic Symphony ($545k) and Marble Retreat ($544k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $244k (47% of expenses). Other salaries and wages came to $90k. At year end it held assets of $41.7m against liabilities of $40.3m, net assets of $1.4m. It reported 2 employees.