Faculty Student Association of Westchester Community College Inc

Analysis

Faculty Student Association of Westchester Community College Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in February 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Faculty Student Association of Westchester Community College Inc reported income of $3.3m and spending of $4.4m, spending 132% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.7m to $3.3m (-29%), an average of -8.2% a year. The sharpest change came in the year to August 2022, when income rose by 52%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Student Association of Westchester Community College 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 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Chanticleer Athletic Foundation ($3.3m), Texas Aggie Corps of Cadets Association ($3.3m) and Academy of Media Arts ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 75% of the total. Compensation of current officers, directors and key employees was $242k (5.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $11.0m against liabilities of $9.1m, net assets of $1.9m. It reported 128 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.