General Alumni Assoc

Analysis

General Alumni Assoc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in November 1968, 58 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, General Alumni Assoc reported income of $9.1m and spending of $7.1m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.2m to $9.1m (-1.6%), an average of -0.4% a year. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, General Alumni Assoc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Sterling College ($9.1m), Blind Childrens Center Inc ($9.1m) and Memphis Academy of Science and Engineering ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $470k (6.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $118.3m against liabilities of $1.1m, net assets of $117.2m. It reported 36 employees.