Stony Brook Foundation Inc

Analysis

Stony Brook Foundation Inc is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in April 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 (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, Stony Brook Foundation Inc reported income of $79.5m and spending of $64.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $76.0m to $79.5m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stony Brook Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include University of Saint Francis of Fort Wayne Indiana Inc ($79.4m), Social Good Fund Inc ($79.5m) and California State University Fresno Foundation ($79.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $1.2m (1.8% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $862.6m against liabilities of $103.1m, net assets of $759.5m. It reported 7 employees.