Alabama One Aspire Foundation

Analysis

Alabama One Aspire Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in July 2020, 6 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, Alabama One Aspire Foundation reported income of $174k and spending of $108k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $248k to $174k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alabama One Aspire Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Tiburon Peninsula Foundation ($174k), Dylan Witschen Foundation ($174k) and Dallas Community Foundation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $345k against liabilities of $0, net assets of $345k.