The University of Illinois Alumni Association

Analysis

The University of Illinois Alumni Association is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in May 1954, 72 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 June 2023, The University of Illinois Alumni Association reported income of $4.4m and spending of $5.4m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.8m to $4.4m (-70%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University of Illinois Alumni Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Youthfront Inc ($4.4m), Kestrel Institute ($4.4m) and Authors Guild FDN Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $1.4m (26% of expenses). Other salaries and wages came to $877k. At year end it held assets of $25.0m against liabilities of $468k, net assets of $24.5m. It reported 30 employees.