University of South Florida Alumni Association Inc

Analysis

University of South Florida Alumni Association Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of South Florida Alumni Association Inc reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.5m (-20%), an average of -5.4% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of South Florida Alumni Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Christian Education Development Company ($2.5m), Covenant Christian Academy ($2.5m) and Educational & Memorial Foundation of the Tennessee Society of Cpas ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $459k (18% of expenses). At year end it held assets of $10.4m against liabilities of $3.1m, net assets of $7.3m.