Alpha Omega Alpha Honor Medical Society

Analysis

Alpha Omega Alpha Honor Medical Society is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in September 1960, 66 years ago. 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 August 2023, Alpha Omega Alpha Honor Medical Society reported income of $2.3m and spending of $2.7m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.5m to $2.3m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2022, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Omega Alpha Honor Medical Society sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Community Improvement Corporation ($2.3m), National MPS Society Inc ($2.3m) and The Buddy Program Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $549k (20% of expenses). Other salaries and wages came to $243k. At year end it held assets of $26.5m against liabilities of $10.7m, net assets of $15.8m. It reported 7 employees.