New York State Financial Aid Administrators Association Inc

Analysis

New York State Financial Aid Administrators Association Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in January 1998, 28 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 June 2023, New York State Financial Aid Administrators Association Inc reported income of $231k and spending of $169k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $245k to $231k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York State Financial Aid Administrators Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Entrepreneurs Organization ($231k), Plymouth Nursery School ($231k) and Read to Succeed Inc ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. At year end it held assets of $1.1m against liabilities of $75k, net assets of $1.1m.