Friends of Mount Allison University Inc 107 Westport Avenue

Analysis

Friends of Mount Allison University Inc 107 Westport Avenue is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in March 1964, 62 years ago. 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 2023, Friends of Mount Allison University Inc 107 Westport Avenue reported income of $171k and spending of $174k, spending 102% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $102k to $171k (+67%), an average of +14% a year. The sharpest change came in the year to April 2020, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Mount Allison University Inc 107 Westport Avenue sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Alpha Learning Center Inc ($171k), Stevens County Fair Association Inc ($171k) and Les Voyageurs Incorporated ($171k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $3,696, net assets of -$3,696.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.