The Citadel Alumni Association

Analysis

The Citadel Alumni Association is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 1979, 47 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 2022, The Citadel Alumni Association reported income of $1.6m and spending of $1.9m, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.9m to $1.6m (-14%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Citadel Alumni Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Islamic Cultural Center School ($1.6m), Chandler School ($1.6m) and The Link School ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $41k (2.2% of expenses). Other salaries and wages came to $209k. At year end it held assets of $12.1m against liabilities of $4.4m, net assets of $7.7m. It reported 11 employees.