McNeese State University Alumni Association

Analysis

McNeese State University Alumni Association is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 June 2023, McNeese State University Alumni Association reported income of $278k and spending of $164k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $334k to $278k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McNeese State University Alumni Association sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Latin Equip Inc ($278k), Trustees of Purdue University ($278k) and Citizens Association of Georgetown ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. At year end it held assets of $609k against liabilities of $30k, net assets of $579k.