Far Eastern Univ Dr Nicanor Reyes School of Medicine Alumni Fndation

Analysis

Far Eastern Univ Dr Nicanor Reyes School of Medicine Alumni Fndation is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Far Eastern Univ Dr Nicanor Reyes School of Medicine Alumni Fndation reported income of $73k and spending of $49k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $73k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Far Eastern Univ Dr Nicanor Reyes School of Medicine Alumni Fndation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Nica Impact ($73k), Wings of Hope International ($73k) and Asante Sana for Education Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.