Scholarship & Welfare Funds of Alumni Association of Hunter Colle

Analysis

Scholarship & Welfare Funds of Alumni Association of Hunter Colle is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1949, 77 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 May 2022, Scholarship & Welfare Funds of Alumni Association of Hunter Colle reported income of $828k and spending of $1.1m, spending 129% of what it took in. Across the 4 years on record, from May 2019 to May 2022, income fell from $890k to $828k (-6.9%), an average of -2.4% a year. The sharpest change came in the year to May 2020, when income rose by 108%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship & Welfare Funds of Alumni Association of Hunter Colle sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Learning Matters ($828k), Central Arkansas Library System Foundation ($828k) and Ihanktonwan Community College ($828k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $93k (8.7% of expenses). Other salaries and wages came to $51k. At year end it held assets of $25.5m against liabilities of $28k, net assets of $25.5m. It reported 3 employees.