Independent Association of Framingham State Alumni

Analysis

Independent Association of Framingham State Alumni is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Independent Association of Framingham State Alumni reported income of $266k and spending of $228k, spending 86% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $139k to $266k (+92%), an average of +18% a year. The sharpest change came in the year to April 2022, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Association of Framingham State Alumni sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include First Americans Land Grant Consortium Incorporated ($266k), Columbia Education Foundation ($266k) and Seeds & Water Foundation Inc ($266k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 22% of the total. Other salaries and wages came to $2,173. At year end it held assets of $2.2m against liabilities of $119k, net assets of $2.0m. It reported 4 employees.