University of the Philippines Medical Alumni Society in America

Analysis

University of the Philippines Medical Alumni Society in America is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, University of the Philippines Medical Alumni Society in America reported income of $1.9m and spending of $1.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.9m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the Philippines Medical Alumni Society in America sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Hope Academy Gso Inc ($1.9m), 482forward ($1.9m) and Haven Education ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 17% of the total. Other salaries and wages came to $52k. At year end it held assets of $11.7m against liabilities of $11k, net assets of $11.7m. It reported 1 employees.