Education (B42J) IRS Verified DX Registered 990 on File

ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES

EIN: 63-0422143 · MONTGOMERY, AL 36106-3604 · United States · FY 2023 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 95/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

To build a strong case for support for Alabama’s independent colleges and universities and promote a greater appreciation of independent higher education and its importance to the educational, cultural and economic needs of Alabama and the nation.

Financial Overview — FY 2023

$565K

Total Revenue

$489K

Total Expenses

$647K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 83.0%

Fundraising Efficiency N/A

Operating Reserve 15.85x

Liability-to-Asset 3.1%

Revenue Diversification 93.7%

Executive Compensation $181K

Compared with Peers

FY 2023

Compared with 21,283 similar organizations (United States, Education, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	83.0%	88.7%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	7.3%	8.8%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	9.6%	0.0%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	15.9 mo	9.7 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	3.1%	0.5%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	93.7%	90.2%	P10P90	Below median
Revenue growth Year over year revenue growth	14.2%	8.6%	P10P90
Expense growth Year over year expense growth	-4.9%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	13.3%	2.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$565K	$489K	$647K	83.0%
2022	$495K	$515K	$571K	82.9%
2021	$605K	$505K	N/A	—

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Organization Details

EIN: 63-0422143
State: AL
City: MONTGOMERY
ZIP: 36106-3604
Classification: B42J
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1956
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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