Fit Alumni Association

Analysis

Fit Alumni Association is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fit Alumni Association reported income of $200k and spending of $191k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132k to $200k (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fit Alumni Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Midwest Montessori Teacher Training Center ($200k), Habitat for Humanity International Inc ($200k) and Penn Trafford Soccer Club Ltd ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $785k against liabilities of $9,101, net assets of $776k.