Alabama Self Storage Association
Alabama Self Storage Association shows strong financial health with increasing assets and no reported liabilities.
EIN: 200998489 · Birmingham, AL · NTEE: S46 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $39K |
| Program Spending | 80% |
| Net Assets | $75K |
| Transparency Score | 85/100 |
Is Alabama Self Storage Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alabama Self Storage Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alabama Self Storage Association
Alabama Self Storage Association (EIN: 200998489) is a nonprofit organization based in Birmingham, AL, classified under NTEE code S46. The organization reported total revenue of $45K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alabama Self Storage Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alabama Self Storage Association is a micro nonprofit that has been operating for 22 years, with 4 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $39K |
| Surplus / Deficit | +$33K |
| Total Assets | $75K |
| Net Assets | $75K |
| Operating Margin | 45.7% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Alabama Self Storage Association reported a surplus of $33K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2023), Alabama Self Storage Association's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.7% | -24.0% | +160.3% |
| 2013 | +1.3% | +65.6% | -27.9% |
| 2012 | +94.4% | -10.0% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alabama Self Storage Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Alabama Self Storage Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Alabama Self Storage Association:
- Strong financial growth and stability, with revenue consistently exceeding expenses in recent periods.
- No reported liabilities across all filings, indicating excellent financial management and no debt.
- 0% officer compensation, suggesting a volunteer-driven model and efficient use of funds.
- Consistent asset growth, from $28,866 in 2013 to $75,152 in 2023, demonstrating increasing financial reserves.
Frequently Asked Questions about Alabama Self Storage Association
Is Alabama Self Storage Association a legitimate charity?
Alabama Self Storage Association (EIN: 200998489) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 4 years of IRS 990 filings on record. Total revenue: $45K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Alabama Self Storage Association spend its money?
Alabama Self Storage Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Alabama Self Storage Association tax-deductible?
Alabama Self Storage Association is registered as a tax-exempt nonprofit (EIN: 200998489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alabama Self Storage Association's spending goes to programs?
Alabama Self Storage Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alabama Self Storage Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Alabama Self Storage Association is above average for NTEE category S46 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alabama Self Storage Association located?
Alabama Self Storage Association is headquartered in Birmingham, Alabama and files with the IRS under EIN 200998489. It is classified under NTEE code S46.
How many years of IRS 990 filings does Alabama Self Storage Association have?
Alabama Self Storage Association has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $45K in total revenue.
Is the Alabama Self Storage Association financially stable?
Yes, the organization appears financially stable. Its latest filing (202312) shows revenue of $72,350 significantly exceeding expenses of $39,261, and assets have grown to $75,152 with no reported liabilities.
Does the organization pay its officers?
No, all available IRS 990 filings for the Alabama Self Storage Association report 0% officer compensation.
How has the organization's financial health changed over time?
The organization has shown significant improvement. While earlier periods like 2013 saw expenses exceed revenue, the latest filing (202312) demonstrates strong revenue growth and efficient spending, leading to increased assets and a healthier financial position.
Filing History
IRS 990 filing history for Alabama Self Storage Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2023), Alabama Self Storage Association's revenue has grown by 252%, moving from $21K to $72K. Total assets increased by 140.3% over the same period, from $31K to $75K. Total functional expenses rose by 13.2%, from $35K to $39K. In its most recent filing year (2023), Alabama Self Storage Association reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $39K | $75K | $0 | — | — |
| 2013 | $40K | $52K | $29K | $0 | — | View 990 |
| 2012 | $40K | $31K | $40K | $0 | — | View 990 |
| 2011 | $21K | $35K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $39K, and assets of $75K (revenue +78.7% year-over-year).
- 2013: Revenue of $40K, expenses of $52K, and assets of $29K (revenue +1.3% year-over-year).
- 2012: Revenue of $40K, expenses of $31K, and assets of $40K (revenue +94.4% year-over-year).
- 2011: Revenue of $21K, expenses of $35K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alabama Self Storage Association:
Data Sources and Methodology
This transparency report for Alabama Self Storage Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.