Alabama Center for the Arts Foundation

Analysis

Alabama Center for the Arts Foundation is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Alabama Center for the Arts Foundation reported income of $841k and spending of $521k, leaving 38% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $264k to $841k (+218%), an average of +47% a year. The sharpest change came in the year to September 2021, when income rose by 96%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Center for the Arts Foundation sits at the 84th percentile: it is larger than about 84% 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 Artbridge Projects Inc ($840k), Open Transformation Lab Inc ($841k) and Alliance Francaise ($840k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $71k, net assets of $1.4m.