Kingsborough Community College Association Inc

Analysis

Kingsborough Community College Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1967, 59 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 June 2024, Kingsborough Community College Association Inc reported income of $1.2m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kingsborough Community College Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Summit Academy of Central Virginia Inc ($1.2m), Global Knowledge Initiative ($1.2m) and Clemson Architectural Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $2.4m against liabilities of $105k, net assets of $2.3m. It reported 26 employees.