Faculty-Student Assoc of State University Maritime College Inc

Analysis

Faculty-Student Assoc of State University Maritime College Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1954, 72 years ago. 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 June 2024, Faculty-Student Assoc of State University Maritime College Inc reported income of $2.3m and spending of $1.5m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $920k to $2.3m (+153%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faculty-Student Assoc of State University Maritime 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 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Portland Mall Management Inc ($2.3m), West Virginia Humanities Council Inc ($2.3m) and St Augustine Diocesan Council Society of St Vincent de Paul Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 38% of the total. At year end it held assets of $5.6m against liabilities of $2.5m, net assets of $3.1m.