University of Delaware Alumni Association Inc

Analysis

University of Delaware Alumni Association Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in May 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Delaware Alumni Association Inc reported income of $146k and spending of $149k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $295k to $146k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 54%. Over the whole period it spent 183% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Delaware Alumni Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within DE. Charities of a similar size with the same main cause include Middleton High School Band Parents Association ($146k), Elizabeth Briscoe Charitable Reminder Annuity Trust for the ($146k) and St Luke Free Clinic of Hopkinsville Inc ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 89% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.