University of Southern Mississippi Alumni Association

Analysis

University of Southern Mississippi Alumni Association is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in December 1988, 38 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 2024, University of Southern Mississippi Alumni Association reported income of $430k and spending of $520k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $541k to $430k (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 150% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Southern Mississippi Alumni Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include Brookeside Montessori ($430k), Weld Re-4 Educational Foundation ($431k) and STEM Teachers of New York City Inc ($430k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $2.4m against liabilities of $142k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.