Iim-A Alumni Association

Analysis

Iim-A Alumni Association is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, Iim-A Alumni Association reported income of $51k and spending of $51k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.4m to $51k (-96%), an average of -67% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iim-A Alumni Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include Tamarack Tower Foundation of the Port Chester Rye Union Free School ($51k), Welch Public Schools Enrichment Foundation ($51k) and Livingston Band Boosters ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $52k, net assets of $8,976.