Alumni Assoc of State U Albany

Analysis

Alumni Assoc of State U Albany is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1965, 61 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Alumni Assoc of State U Albany reported income of $772k and spending of $833k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $923k to $772k (-16%), an average of -4.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alumni Assoc of State U Albany sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Deja New Inc ($772k), International Cytokine and Interferon Society Inc ($772k) and North Central Il Council of Governments ($771k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.8% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $285k (34% of expenses). Other salaries and wages came to $56k. At year end it held assets of $2.8m against liabilities of $305k, net assets of $2.5m. It reported 4 employees.