New York City College of Technology Foundation Inc

Analysis

New York City College of Technology Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1980, 46 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New York City College of Technology Foundation Inc reported income of $1.6m and spending of $941k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 164%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York City College of Technology Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Philadelphia Pentecostal Church ($1.6m), Milestones Early Learning Center & Preschool ($1.6m) and South Central College Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $114k. At year end it held assets of $8.0m against liabilities of $160k, net assets of $7.8m. It reported 3 employees.