Townsend Harris Alumni Association Inc

Analysis

Townsend Harris Alumni Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1994, 32 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 August 2022, Townsend Harris Alumni Association Inc reported income of $302k and spending of $294k, spending 97% of its income. Across the 5 years on record, from August 2018 to August 2022, income grew from $270k to $302k (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Townsend Harris Alumni Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include American Planning Association ($302k), Manchester Supportive Housing Inc ($302k) and Phi Beta Kappa Society ($302k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 70% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.