Fast-Nu Alumni Association

Analysis

Fast-Nu Alumni Association is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Fast-Nu Alumni Association reported income of $53k and spending of $45k, spending 85% of its income. Across the 2 years on record, from June 2023 to December 2023, income fell from $94k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 75% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fast-Nu Alumni Association sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 15th percentile within WA. Charities of a similar size with the same main cause include Chifundo Medical Missions Inc ($53k), Mica Inc ($53k) and Thrive Life Skills Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.