Cazenovia College

Analysis

Cazenovia College is a registered charity in United States, based in Cazenovia, NY. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cazenovia College reported income of $28.3m and spending of $40.5m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.7m to $28.3m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cazenovia College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include California State University San Marcos Corporation ($28.3m), Ranney School ($28.3m) and Kipp Indianapolis Inc ($28.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $327k (0.8% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $42.3m against liabilities of $30.5m, net assets of $11.8m. It reported 703 employees.