The William & Mary Alumni Association

Analysis

The William & Mary Alumni Association is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in August 1945, 81 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, The William & Mary Alumni Association reported income of $1.4m and spending of $1.7m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.4m (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The William & Mary Alumni Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Red Lion Elementary School ($1.4m), Whispering Winds Charter School Project Inc ($1.4m) and American Schools International Incorporated ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 34% of the total. At year end it held assets of $18.6m against liabilities of $179k, net assets of $18.4m.