The Alumni Association of the New Jersey Medical School Inc

Analysis

The Alumni Association of the New Jersey Medical School Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Alumni Association of the New Jersey Medical School Inc reported income of $156k and spending of $121k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $156k (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Alumni Association of the New Jersey Medical School Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Raider Area Choir Booster Club ($156k), Sequoia Christian Academy Inc ($156k) and Longview Library Foundation ($156k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $75k (62% of expenses). At year end it held assets of $3.0m against liabilities of $53k, net assets of $2.9m.