Florida State University Alumni Association

Analysis

Florida State University Alumni Association is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 2014, 12 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, Florida State University Alumni Association reported income of $3.2m and spending of $2.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.2m (+3.4%), an average of +0.8% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida State University Alumni Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Westside Community School of the Arts ($3.2m), Head Start of Northeastern Nevada ($3.2m) and Austin Special Chicago ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $226k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.1m against liabilities of $177k, net assets of $5.9m. It reported 43 employees.