University of Santo Tomas Medical Alumni Association of America

Analysis

University of Santo Tomas Medical Alumni Association of America is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in November 1998, 28 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, University of Santo Tomas Medical Alumni Association of America reported income of $361k and spending of $379k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $361k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of Santo Tomas Medical Alumni Association of America sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Adaptiv Inc ($361k), Cupertino Rotary Endowment Foundation ($361k) and Rotary Club of Upper Kittitas County Foundation ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $109k against liabilities of $15k, net assets of $95k.