California Alumni Association

Analysis

California Alumni Association is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in October 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, California Alumni Association reported income of $16.4m and spending of $15.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.6m to $16.4m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 314%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Alumni Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Mastery Charter School - Shoemakercampus ($16.4m), Lake Oconee Academy Inc ($16.5m) and Sicangu Oyate Ho Inc ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $958k (6.4% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $32.1m against liabilities of $8.3m, net assets of $23.8m. It reported 121 employees.