Purdue Alumni Association Inc Memorial Union Building

Analysis

Purdue Alumni Association Inc Memorial Union Building is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in October 1942, 84 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, Purdue Alumni Association Inc Memorial Union Building reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $2.5m (-49%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purdue Alumni Association Inc Memorial Union Building sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Learning Lodge Academy Inc ($2.5m), International School of Orange County ($2.5m) and Banner Christian School Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 13% of the total. Other salaries and wages came to $1,382. At year end it held assets of $35.4m against liabilities of $7.4m, net assets of $27.9m.