The Schenectady Foundation

Analysis

The Schenectady Foundation is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, The Schenectady Foundation reported income of $3.0m and spending of $2.2m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.0m (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Schenectady Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Lyford Cay Foundation Inc ($3.0m), William C Schumacher Family Foundation ($3.0m) and Northwest Wine Benefit Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $51.2m against liabilities of $1.5m, net assets of $49.7m.