South Carolina State University National Alumni Association

Analysis

South Carolina State University National Alumni Association is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2001, 25 years ago. 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 2024, South Carolina State University National Alumni Association reported income of $161k and spending of $90k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $75k to $161k (+114%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina State University National Alumni Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Detroit Rugby Football Club of Metropolitan Detroit Inc ($161k), Lake Mills Ambulance Service ($161k) and Arlington Libraries Foundation Inc ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.