Augusta Military Academy Alumni Foundation Inc

Analysis

Augusta Military Academy Alumni Foundation Inc is a registered charity in United States, based in Fort Defiance, VA. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2023, Augusta Military Academy Alumni Foundation Inc reported income of $159k and spending of $191k, spending 120% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $208k to $159k (-24%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augusta Military Academy Alumni Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Crestwood School of Hattiesburg ($159k), T H E Foundation for Las Virgenes Schools ($159k) and Foundation for Catholic Education Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $41k (21% of expenses). Other salaries and wages came to $32k. At year end it held assets of $404k against liabilities of $6,394, net assets of $397k. It reported 3 employees.