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Massachusetts · Nonprofit

INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI

INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI (Massachusetts) receives grants from 5 organizations whose IRS filings report $26,218 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,000). 3 of them have funded it in more than one year, and 97% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$387k
Revenue FY2025
5
Funders on record
$26k
Grants received
$2.0M
Net assets
3/5 repeat funderspeak grant-dependency 6%

Against its field

INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI runs a healthier operating margin than half of the 15,926 education nonprofits its size.

Operating margin20% · above the median
Months of reserve1.4mo · bottom quartile
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 15,926 education nonprofits $100k–$1M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($156k) Expenses 100 ($204k) Net assets 100 ($2.1M)2018 Revenue 170 ($264k) Expenses 115 ($235k) Net assets 103 ($2.2M)2019 Revenue 150 ($234k) Expenses 128 ($261k) Net assets 100 ($2.1M)2020 Revenue 89 ($139k) Expenses 128 ($261k) Net assets 89 ($1.9M)2021 Revenue 139 ($217k) Expenses 102 ($208k) Net assets 109 ($2.3M)2022 Revenue 223 ($347k) Expenses 140 ($286k) Net assets 97 ($2.1M)2023 Revenue 223 ($348k) Expenses 129 ($263k) Net assets 94 ($2.0M)2024 Revenue 171 ($266k) Expenses 112 ($228k) Net assets 96 ($2.0M)2025 Revenue 249 ($387k) Expenses 153 ($311k) Net assets 93 ($2.0M)
'17'18'19'20'21'22'23'24'25
Revenue (249)Expenses (153)Net assets (93)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 7%. Grants only. Government contracts and fees sit inside program revenue.

17% of INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI’s revenue is contributions — about as donation-reliant as the typical peer (58% for the typical peer).

This organization
Typical peer · 24,851 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$48k
17
$29k
18
$28k
19
$122k
20
$9k
21
$61k
22
$85k
23
$38k
24
$76k
25
1.4
months of
reserve
02Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $15k → $101.

3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF)97% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI leans on a few funders — its largest provides 57% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

97% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI.

57%
largest funder
98%
top three
~2
effective funders

Largest funder’s share by year: 2018 100% · 2020 61% · 2021 71% · 2022 61% · 2023 60%diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

97% of INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $670 that is directly attributable, 100% of it comes from funders outside Massachusetts, across 2 states.

NJ
RI

In-state vs out-of-state, by year

20
21
22
23
Massachusetts out of state home

Funder states come from each funder’s own filing. $26k arriving through sponsors registered in 3 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

38% of spending goes to programs.

Program 38%Management 48%Fundraising 14%

Governance

11
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

73%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 2 related entities

  • Amelia Davis Fund for Incapacitated Alumni · exempt
  • Ellen Hyde Scholarship Fund · exempt

Screen this organization

A dated, signed PDF of the compliance screen for INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI?
INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI (Massachusetts) receives grants from 5 organizations whose IRS filings report $26,218 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,000). 3 of them have funded it in more than one year, and 97% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI have?
IRS filings report 5 organizations giving $26,218 in grants to INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI, 3 of which have funded it in more than one year.
Who is the largest funder of INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI?
NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
How can an organization like INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing