University of Virginia Alumni Association

Analysis

University of Virginia Alumni Association is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in February 1930, 96 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 2023, University of Virginia Alumni Association reported income of $55.8m and spending of $64.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.6m to $55.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Virginia Alumni Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include American Indian College Fund ($55.5m), Hockaday School ($55.8m) and Monmouth College ($55.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.2m (1.9% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $567.6m against liabilities of $172.3m, net assets of $395.3m. It reported 117 employees.