Foundation of Fulton-Montgomery Community College Inc

Analysis

Foundation of Fulton-Montgomery Community College Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Foundation of Fulton-Montgomery Community College Inc reported income of $389k and spending of $424k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $780k to $389k (-50%), an average of -16% a year. The sharpest change came in the year to August 2022, when income rose by 102%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation of Fulton-Montgomery Community College Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Livingston Way Foundation ($389k), Everyone for Veterans ($389k) and Museum of Western Film History ($389k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $100k. At year end it held assets of $6.5m against liabilities of $981, net assets of $6.5m.