Indiana University Alumni Association Inc

Analysis

Indiana University Alumni Association Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in November 1980, 46 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 2023, Indiana University Alumni Association Inc reported income of $10.8m and spending of $10.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.7m to $10.8m (-15%), an average of -3.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana University Alumni Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Ironbound Community Corporation ($10.8m), Inland Temporary Homes ($10.9m) and Neural Information Processing Systems Foundation Inc ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $369k (3.4% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $30.9m against liabilities of $335k, net assets of $30.6m. It reported 58 employees.