Albany State University National Alumni Association

Analysis

Albany State University National Alumni Association is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, Albany State University National Alumni Association reported income of $122k and spending of $92k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $101k to $122k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albany State University National Alumni Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Sierra Services for the Blind ($122k), Suffolk Nansemond Historical Society ($122k) and Sojourner Truth Industrial Club ($122k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.