Alumni Association of Medical University of SC

Analysis

Alumni Association of Medical University of SC is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 1953, 73 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 2023, Alumni Association of Medical University of SC reported income of $850k and spending of $887k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $284k to $850k (+199%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alumni Association of Medical University of SC sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($850k), Apprenticeships for America ($850k) and San Miguel Educational Fund ($850k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $864k against liabilities of $353k, net assets of $511k.