Faculty Student Association of Downstate Medical Center Inc

Analysis

Faculty Student Association of Downstate Medical Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1952, 74 years ago. 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 May 2023, Faculty Student Association of Downstate Medical Center Inc reported income of $3.4m and spending of $3.7m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.0m to $3.4m (+236%), an average of +35% a year. The sharpest change came in the year to May 2020, when income rose by 242%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faculty Student Association of Downstate Medical Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include William a and Margaretta Taylor Memorial Association ($3.4m), Center for Southeast Asians ($3.4m) and Valley of Hope Shelter and Recovery Inc ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.4% and program service revenue 91% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.4m against liabilities of $1.3m, net assets of $1.0m. It reported 8 employees.