United States Coast Guard Academy Alumni Association Inc

Analysis

United States Coast Guard Academy Alumni Association Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, United States Coast Guard Academy Alumni Association Inc reported income of $7.9m and spending of $9.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.8m to $7.9m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United States Coast Guard Academy Alumni Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Oasis Academy ($7.9m), The New America School ($7.9m) and Community Charter Academy Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $332k (3.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $43.3m against liabilities of $3.7m, net assets of $39.7m. It reported 14 employees.