Arizona State University Alumni Association

Analysis

Arizona State University Alumni Association is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in May 1960, 66 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, Arizona State University Alumni Association reported income of $2.7m and spending of $3.7m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.7m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arizona State University Alumni Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Charles Humphrey Keating IV Foundation ($2.7m), Darchei David Foundation ($2.7m) and Juel Fairbanks Aftercare Residence ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 40% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $22.9m against liabilities of $172k, net assets of $22.7m.

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.