Penn State Alumni Association

Analysis

Penn State Alumni Association is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. 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 $98k and spending of $82k, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2024, income fell from $103k to $98k (-5.3%), an average of -5.3% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn State Alumni Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Community International and Vocational Services Charitable FD ($98k), Yakima Valley Rail and Steam Museum Association ($98k) and Womans Club of Greenwich Inc ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 59% of the total. At year end it held assets of $437k against liabilities of $0, net assets of $437k.