Ulster Community College Foundation Inc

Analysis

Ulster Community College Foundation Inc is a registered charity in United States, based in Stone Ridge, NY. It received its IRS tax-exemption ruling in April 1997, 29 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, Ulster Community College Foundation Inc reported income of $3.7m and spending of $1.6m, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ulster Community College Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Mission Achievement and Success Education Foundation Inc ($3.7m), Envision Excellence in Stemeducation ($3.7m) and Lyman Ward Military Academy the Southern Industrial Institute ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $115k. At year end it held assets of $17.7m against liabilities of $96k, net assets of $17.7m. It reported 10 employees.