Croom Foundation

Analysis

Croom Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Croom Foundation reported income of $355k and spending of $356k, spending 100% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $237k to $355k (+50%), an average of +50% a year. The sharpest change came in the year to July 2024, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Croom Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include South Brunswick Soccer Club Inc ($355k), Building Christian Ministries Inc ($355k) and Grundy County Agricultural Society ($355k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $93 against liabilities of $0, net assets of $93.