Howard University Medical Alumni Association Inc

Analysis

Howard University Medical Alumni Association Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in April 2024, 2 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 2022, Howard University Medical Alumni Association Inc reported income of $952k and spending of $756k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $645k to $952k (+48%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 34%. 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, Howard University Medical Alumni Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Thrive Public Schools ($952k), Owens Educational Services Inc ($952k) and Unmc Alumni Association ($952k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 28% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $58k (7.7% of expenses). Other salaries and wages came to $105k. At year end it held assets of $6.5m against liabilities of $47k, net assets of $6.5m. It reported 3 employees.