Morehouse College National Alumni Association

Analysis

Morehouse College National Alumni Association is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 2022, Morehouse College National Alumni Association reported income of $395k and spending of $288k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $244k to $395k (+62%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morehouse College National Alumni Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Teen Challenge of Saginaw Inc ($395k), North Harford Recreation Council Inc ($395k) and Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($395k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $720k against liabilities of $26k, net assets of $694k.