Alumni Association of the Lahey Clinic Foundation

Analysis

Alumni Association of the Lahey Clinic Foundation is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alumni Association of the Lahey Clinic Foundation reported income of $69k and spending of $35k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $94k to $69k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association of the Lahey Clinic Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Gatlinburg Rotary Foundation Inc ($69k), Business & Entrepreneurial Learning Academy Inc ($69k) and Walpole Public Library Endowment Trust ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.