Alumni Association of the University of Mississippi

Analysis

Alumni Association of the University of Mississippi is a registered charity in United States, based in University, MS. It received its IRS tax-exemption ruling in November 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alumni Association of the University of Mississippi reported income of $5.2m and spending of $4.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.2m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alumni Association of the University of Mississippi sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MS. Charities of a similar size with the same main cause include Center for Health Innovation ($5.2m), Catalyst Education ($5.2m) and Soleil Academy Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $11.2m against liabilities of $1.0m, net assets of $10.1m. It reported 36 employees.