Alabama Oncology Foundation

Analysis

Alabama Oncology Foundation is a registered charity in United States, based in Vestavia, AL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Oncology Foundation reported income of $220k and spending of $260k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $264k to $220k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alabama Oncology Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AL. Charities of a similar size with the same main cause include Healthy Smiles of Indiana Inc ($220k), Simply From the Heart Foundation ($220k) and Western Pennsylvania Hospital Medical Staff Fund ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $333k against liabilities of $0, net assets of $333k.