Kent State University Alumni Association

Analysis

Kent State University Alumni Association is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in June 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kent State University Alumni Association reported income of $179k and spending of $679k, spending 379% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $990k to $179k (-82%), an average of -35% a year. The sharpest change came in the year to June 2021, when income dropped by 85%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kent State University Alumni Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Lowcountry Maritime Society ($179k), Lewis W Butler Foundation ($179k) and The Chattanooga Public Library Foundation ($179k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $13.0m against liabilities of $0, net assets of $13.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.