General Alumni Association of the University of Maine

Analysis

General Alumni Association of the University of Maine is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, General Alumni Association of the University of Maine reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.1m (-6.2%), an average of -1.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, General Alumni Association of the University of Maine sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Galveston College Foundation ($1.1m), Lucky Lane Nursery School Association ($1.1m) and Dixons Total Touch Child Development Center Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $62k (5.6% of expenses). Other salaries and wages came to $459k. At year end it held assets of $5.1m against liabilities of $27k, net assets of $5.1m. It reported 9 employees.