Sullivan County Community College Dormitory Corporation

Analysis

Sullivan County Community College Dormitory Corporation is a registered charity in United States, based in Loch Sheldrke, NY. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sullivan County Community College Dormitory Corporation reported income of $947k and spending of $1.5m, spending 153% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $947k (-30%), an average of -8.7% a year. The sharpest change came in the year to August 2022, when income rose by 3433%. Over the whole period it spent 154% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sullivan County Community College Dormitory Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include United Students Government Service Group Inc ($947k), Morning Star Academy ($947k) and National Community College Hispanic Council ($946k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $218k. At year end it held assets of $5.9m against liabilities of $8.2m, net assets of -$2.3m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.