Alumni of University of Otago in America Inc

Analysis

Alumni of University of Otago in America Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in February 2003, 23 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 December 2023, Alumni of University of Otago in America Inc reported income of $262k and spending of $210k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $763k to $262k (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 922%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni of University of Otago in America Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Olive Tree Inc ($262k), Browns Valley Family Club ($262k) and Indian Hill Club Scholarship Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $2.7m against liabilities of $85k, net assets of $2.6m.