Schenectady City School District Educational Foundation Inc

Analysis

Schenectady City School District Educational Foundation Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Schenectady City School District Educational Foundation Inc reported income of $69k and spending of $49k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $82k to $69k (-15%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Schenectady City School District Educational Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Christopher Smith Foundation ($69k), Arnold Dwight England Foundation ($70k) and Women Who Wine Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $409k against liabilities of $7,617, net assets of $402k.