University of Toledo Alumni Association

Analysis

University of Toledo Alumni Association is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1988, 38 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, University of Toledo Alumni Association reported income of $480k and spending of $588k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $500k to $480k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Toledo Alumni Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Aquinas Classical Academy ($480k), Valley Library Consortium Inc ($480k) and The Andrew K Dwyer Foundation ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 41% of the total. At year end it held assets of $1.9m against liabilities of $111k, net assets of $1.8m.