University of Maryland Alumni Association Inc

Analysis

University of Maryland Alumni Association Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in June 1999, 27 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, University of Maryland Alumni Association Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $4.0m to $3.4m (-14%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Maryland Alumni Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Forest Ridge Academy Inc ($3.4m), Geneseo Foundation Inc ($3.4m) and Mid-America Baptist Theological Seminary ($3.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 61% and program service revenue 0.5% of the total. Other salaries and wages came to $344k. At year end it held assets of $12.3m against liabilities of $7.1m, net assets of $5.3m. It reported 7 employees.