Penn State Alumni Association

Analysis

Penn State Alumni Association is a registered charity in United States, based in University Park, PA. It received its IRS tax-exemption ruling in January 2000, 26 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, Penn State Alumni Association reported income of $8.3m and spending of $7.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $8.3m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Penn State Alumni Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Christian Heritage Academy ($8.3m), Emmanuel Family & Child Development Center and Emergency Shelter for C ($8.3m) and Marc Academy & Family Center Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 27% of the total. At year end it held assets of $90.7m against liabilities of $1.9m, net assets of $88.8m.