Alumni Association of the University of Michigan

Analysis

Alumni Association of the University of Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in February 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alumni Association of the University of Michigan reported income of $21.6m and spending of $21.1m, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $20.9m to $21.6m (+3.4%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association of the University of Michigan 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Harlem Village Academies Charter Schools ($21.6m), Blue Mountain Christian University ($21.6m) and Bayside Academy Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 39% of the total. At year end it held assets of $171.8m against liabilities of $16.5m, net assets of $155.4m.