Norfolk State University Alumni Association Incorporated

Analysis

Norfolk State University Alumni Association Incorporated is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Norfolk State University Alumni Association Incorporated reported income of $126k and spending of $106k, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $94k to $126k (+34%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk State University Alumni Association Incorporated 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 43rd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Ferry Street Resource Center Inc ($126k), Willits Rotary Charitable Foundation ($126k) and Washington Square Legal Services Inc ($126k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 5.9% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.