Central Alabama Redevelopment Alliance

Analysis

Central Alabama Redevelopment Alliance is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 September 2022, Central Alabama Redevelopment Alliance reported income of $542k and spending of $129k, leaving 76% of income unspent that year. Across the 2 years on record, from September 2021 to September 2022, income grew from $104k to $542k (+424%), an average of +424% a year. The sharpest change came in the year to September 2022, when income rose by 424%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Alabama Redevelopment Alliance sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Con-Roc Inc ($542k), Forgotten Soldiers Outreach Inc ($542k) and Volunteers of America Inc ($542k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (27% of expenses). At year end it held assets of $472k against liabilities of $0, net assets of $472k.