Brooklyn College Foundation Inc

Analysis

Brooklyn College Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Brooklyn College Foundation Inc reported income of $14.6m and spending of $9.0m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.0m to $14.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn College Foundation Inc 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 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include New Heights Academy Charter School ($14.6m), Craig Newmark Graduate School of Journalism Cuny Foundation Inc ($14.6m) and Chime Institute ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $735k. It paid $90k in professional fundraising fees. At year end it held assets of $124.4m against liabilities of $3.8m, net assets of $120.6m. It reported 82 employees.