Fulmont College Association Inc

Analysis

Fulmont College Association Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in November 1971, 55 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 August 2024, Fulmont College Association Inc reported income of $279k and spending of $406k, spending 146% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $2.8m to $279k (-90%), an average of -37% a year. The sharpest change came in the year to August 2023, when income rose by 1743%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fulmont College Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Keep Rising to the Top ($279k), Women Who Weld ($279k) and Limitless Education & Training Inc ($279k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $787k against liabilities of $68k, net assets of $719k.