Association of Graduates of the United States Military Academy

Analysis

Association of Graduates of the United States Military Academy is a registered charity in United States, based in West Point, NY. It received its IRS tax-exemption ruling in December 1948, 78 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Association of Graduates of the United States Military Academy reported income of $89.5m and spending of $53.2m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $75.5m to $89.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of Graduates of the United States Military Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include St Lukes Medical Group ($89.4m), Pheasants Forever Inc ($89.6m) and Flaget Healthcare Inc ($89.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $1.6m (3.0% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $718.6m against liabilities of $16.9m, net assets of $701.7m. It reported 213 employees.