Queens College Foundation Inc

Analysis

Queens College Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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, Queens College Foundation Inc reported income of $12.5m and spending of $10.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.4m to $12.5m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queens College Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Childserve Homes Inc ($12.5m), New England Farm Workers Council Inc ($12.5m) and Boy Scouts of America ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $102.9m against liabilities of $631k, net assets of $102.2m.