Empire Commons Student Housing Inc

Analysis

Empire Commons Student Housing Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Empire Commons Student Housing Inc reported income of $17.4m and spending of $12.7m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $15.4m to $17.4m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empire Commons Student Housing Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Port of Los Angeles High School ($17.4m), Allegheny County Library Assoc ($17.4m) and Therapeutic Living Centers for the Blind Inc ($17.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. At year end it held assets of $53.9m against liabilities of $29.7m, net assets of $24.2m.