Weequahic Alumni Association Inc

Analysis

Weequahic Alumni Association Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Weequahic Alumni Association Inc reported income of $126k and spending of $127k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $126k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Weequahic Alumni Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Selkirk Outdoor Leadership & Education ($126k), New Prague Area Education Foundation ($126k) and Prairie Star Elementary School Parent Teacher Organization Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.