Syracuse Health Science Center Medical Alumni Foundation Inc

Analysis

Syracuse Health Science Center Medical Alumni Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1965, 61 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 September 2023, Syracuse Health Science Center Medical Alumni Foundation Inc reported income of $3.3m and spending of $2.0m, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $3.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to September 2022, when income rose by 517%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syracuse Health Science Center Medical Alumni Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include 10th and 51st Housing Development Fund Company Inc ($3.3m), Rhode Island Association for the Education of Young Children ($3.3m) and Consortium for Public Education ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $52.7m against liabilities of $967k, net assets of $51.7m.