Rangaraya Medical College Alumni of North America Inc

Analysis

Rangaraya Medical College Alumni of North America Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in October 2013, 13 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 December 2023, Rangaraya Medical College Alumni of North America Inc reported income of $494k and spending of $130k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $494k (+122%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 205%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rangaraya Medical College Alumni of North America Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Congregational Church Nursery School ($494k), Mental Fitness 21st Century Learning Inc ($494k) and Wayne Uplift Resource Association Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $740k against liabilities of $0, net assets of $740k.