Herbert H Lehman College Foundation Inc

Analysis

Herbert H Lehman College Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1985, 41 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 June 2023, Herbert H Lehman College Foundation Inc reported income of $4.2m and spending of $3.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.2m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 255%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herbert H Lehman College Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Breakthrough Greater Boston Inc ($4.2m), Unthsc Foundation ($4.2m) and Hope Center for Autism Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $168k. It paid $456k in professional fundraising fees. At year end it held assets of $14.3m against liabilities of $62k, net assets of $14.3m.