Penn State Alumni Association

Analysis

Penn State Alumni Association is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in January 2001, 25 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 2024, Penn State Alumni Association reported income of $187k and spending of $181k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $175k to $187k (+7.2%), an average of +7.2% a year. 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, Penn State Alumni Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Rocky Hill Elementary School Foundation ($187k), Upward Hope Academy Inc ($187k) and Actschools Inc ($187k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.