Hagerstown Junior College Alumni Association

Analysis

Hagerstown Junior College Alumni Association is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hagerstown Junior College Alumni Association reported income of $108k and spending of $52k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $81k to $108k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 576%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hagerstown Junior College Alumni Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Fresh Start Making Futures Possible One Step at a Time Inc ($108k), Phoenix New Hampshire Inc ($108k) and Conway Cradle Care ($108k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $559k against liabilities of $26k, net assets of $533k.