Alumni Association of Kansas State University

Analysis

Alumni Association of Kansas State University is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in October 1944, 82 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 June 2023, Alumni Association of Kansas State University reported income of $5.3m and spending of $4.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $5.3m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association of Kansas State University sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include Southeast South-Central Educational Cooperative ($5.3m), Gateway Global American Youth and Business Alliance Academies Inc ($5.3m) and Sonrise Christian Schools of Southern California Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $308k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $26.4m against liabilities of $1.5m, net assets of $24.9m. It reported 39 employees.