Suffolk Community College Foundation Inc

Analysis

Suffolk Community College Foundation Inc is a registered charity in United States, based in Selden, NY. It received its IRS tax-exemption ruling in May 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Suffolk Community College Foundation Inc reported income of $2.4m and spending of $1.5m, leaving 38% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2021, when income rose by 99%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suffolk Community College Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Summech Community Development Corporation Inc ($2.4m), Good Samaritan Ministries & Thrift Store ($2.4m) and Commonwealth Institute for Fiscal Analysis ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 7.6% of the total. At year end it held assets of $29.6m against liabilities of $1.2m, net assets of $28.4m.