Und Alumni Association and Foundation

Analysis

Und Alumni Association and Foundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Und Alumni Association and Foundation reported income of $51.7m and spending of $41.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.7m to $51.7m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Und Alumni Association and Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include William Penn University ($51.7m), Idea Florida Inc ($51.8m) and Panda Cares Foundation Inc ($51.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $638k (1.5% of expenses). Other salaries and wages came to $4.5m. It paid $26k in professional fundraising fees. At year end it held assets of $523.1m against liabilities of $71.1m, net assets of $451.9m. It reported 88 employees.