Lane Tech Alumni Association Inc

Analysis

Lane Tech Alumni Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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, Lane Tech Alumni Association Inc reported income of $375k and spending of $325k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $234k to $375k (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lane Tech Alumni Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Helping Hands Gleaners Inc ($375k), Peninsula Seniors ($375k) and Little League Baseball Inc ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 3.5% of the total. At year end it held assets of $961k against liabilities of $117k, net assets of $844k. It reported 3 employees.