Charles L Sommers Alumni Association Inc

Analysis

Charles L Sommers Alumni Association Inc is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in August 1992, 34 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, Charles L Sommers Alumni Association Inc reported income of $112k and spending of $43k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $131k to $112k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charles L Sommers Alumni Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Support Committee for Alabama National Cemetery Alnc ($112k), Kids R First ($112k) and Ace Mentor Program of America Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $935k against liabilities of $0, net assets of $935k.