Iit Bay Area Alumni

Analysis

Iit Bay Area Alumni is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Iit Bay Area Alumni reported income of $253k and spending of $153k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $261k to $253k (-3.0%), an average of -3.0% a year. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iit Bay Area Alumni sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Exeter Fine Crafts Inc ($253k), National Purple Heart Honor Mission Inc ($253k) and Robert Moses Kin ($253k).

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 $415k against liabilities of $0, net assets of $415k.