Aamu Magic City Metro Alumni Chapter

Analysis

Aamu Magic City Metro Alumni Chapter is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Aamu Magic City Metro Alumni Chapter reported income of $59k and spending of $55k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $59k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aamu Magic City Metro Alumni Chapter sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within AL. Charities of a similar size with the same main cause include Saint Marys Academy Foundation of the Dalles Oregon ($59k), Merced County Education Foundation ($59k) and Association of University Radiologists Res and Ed Foundation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.