Trustees of Union College

Analysis

Trustees of Union College is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trustees of Union College reported income of $201.6m and spending of $215.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $209.9m to $201.6m (-3.9%), an average of -1.0% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of Union College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Lake Erie College of Osteopathic Medicine Inc ($201.5m), Mercy University ($202.3m) and St Lawrence University ($200.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.9m (1.4% of expenses). Other salaries and wages came to $60.9m. At year end it held assets of $917.9m against liabilities of $204.6m, net assets of $713.3m. It reported 2,296 employees.