Kingsborough Community College Foundation

Analysis

Kingsborough Community College Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Kingsborough Community College Foundation reported income of $704k and spending of $898k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $388k to $704k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kingsborough Community College Foundation 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 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Responsibility ($704k), Draper Holding Charitable Foundation Inc ($704k) and Second Stride Inc ($703k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $49k. At year end it held assets of $4.4m against liabilities of $119k, net assets of $4.3m.