The University of Santo Tomas Medical Alumni Foundation

Analysis

The University of Santo Tomas Medical Alumni Foundation is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The University of Santo Tomas Medical Alumni Foundation reported income of $483k and spending of $316k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $587k to $483k (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The University of Santo Tomas Medical Alumni Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Uwgr Holding Company Inc ($483k), Medair United States ($483k) and Louisiana Association of Nonprofit Organizations Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $8.6m against liabilities of $0, net assets of $8.6m.