Eugenio Maria de Hostos Community College Foundation

Analysis

Eugenio Maria de Hostos Community College Foundation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Eugenio Maria de Hostos Community College Foundation reported income of $2.2m and spending of $2.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $941k to $2.2m (+138%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 985%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eugenio Maria de Hostos Community College Foundation sits at the 92nd percentile: it is larger than about 92% 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 Laser Institute of America ($2.2m), Staten Island Childrens Museum ($2.2m) and The George Washington Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $18.6m against liabilities of $759k, net assets of $17.8m.