Severance Alumni Association Inc

Analysis

Severance Alumni Association Inc is a registered charity in United States, based in Roslyn, NY. It received its IRS tax-exemption ruling in May 1977, 49 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 October 2023, Severance Alumni Association Inc reported income of $213k and spending of $130k, leaving 39% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $45k to $213k (+370%), an average of +47% a year. The sharpest change came in the year to October 2021, when income rose by 129%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Severance Alumni Association Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Madison Rotary Club Foundation Inc ($212k), Danish American Archive and Library ($213k) and Rewritten ($212k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.4m against liabilities of $377k, net assets of $1.0m. It reported 1 employees.