Sustainable Water Energy and Economic Transition in Alabama

Analysis

Sustainable Water Energy and Economic Transition in Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2020, 6 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 (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, Sustainable Water Energy and Economic Transition in Alabama reported income of $848k and spending of $319k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $848k (+370%), an average of +370% a year. The sharpest change came in the year to December 2023, when income rose by 370%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sustainable Water Energy and Economic Transition in Alabama sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within AL. Charities of a similar size with the same main cause include Rebuilding Together Greater Dallas Inc ($847k), Two Rivers Community Land Trust ($849k) and Allapattah Community Housing II Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (9.3% of expenses). Other salaries and wages came to $58k. At year end it held assets of $631k against liabilities of $0, net assets of $631k. It reported 7 employees.