Alabama Communities Inc

Analysis

Alabama Communities Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2023, Alabama Communities Inc reported income of $533k and spending of $178k, leaving 67% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $133k to $533k (+301%), an average of +100% a year. The sharpest change came in the year to July 2022, when income dropped by 100%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alabama Communities Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Mohawk Indian Housing Corporation ($533k), East Greenbush Housing Development Fund Company Inc ($533k) and Main Plaza Conservancy ($532k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $146k (82% of expenses). At year end it held assets of $787k against liabilities of $716k, net assets of $71k. It reported 2 employees.