Alumni Association of the City

Analysis

Alumni Association of the City is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1962, 64 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 June 2023, Alumni Association of the City reported income of $1.1m and spending of $804k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $823k to $1.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association of the City sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Boylston Schul-Verein ($1.1m), Faith Fellowship Academy Inc ($1.1m) and Knight Hall School and Child Care Center Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $154k (19% of expenses). Other salaries and wages came to $219k. At year end it held assets of $3.1m against liabilities of $220k, net assets of $2.9m. It reported 5 employees.