The Union of Jamaican Alumni Association USA Inc

Analysis

The Union of Jamaican Alumni Association USA Inc is a registered charity in United States, based in Springfield Gardens, NY. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Union of Jamaican Alumni Association USA Inc reported income of $228k and spending of $227k, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $248k to $228k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to October 2021, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Union of Jamaican Alumni Association USA Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Independence Square Main Street ($228k), Lumber City Local Development ($228k) and Jacksonville Onslow Economic Development Partnership ($227k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $107k, net assets of $7,213.