Alexander City Chamber Foundation Inc

Analysis

Alexander City Chamber Foundation Inc is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Alexander City Chamber Foundation Inc reported income of $140k and spending of $63k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $140k (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 272%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alexander City Chamber Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within AL. Charities of a similar size with the same main cause include Seabrook Rotary Foundation ($140k), Old Joe Club Charities Inc ($140k) and King Philip Music Association Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $973k against liabilities of $0, net assets of $973k.