Faculty Student Association Broome Community College

Analysis

Faculty Student Association Broome Community College is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in October 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Faculty Student Association Broome Community College reported income of $1.2m and spending of $2.1m, spending 167% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.0m to $1.2m (-82%), an average of -35% a year. The sharpest change came in the year to June 2021, when income dropped by 72%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faculty Student Association Broome Community College sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Movimiento Poder ($1.2m), San Joaquin County Historical Society ($1.2m) and Morgantown Community Resources Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $57k (2.8% of expenses). Other salaries and wages came to $352k. At year end it held assets of $11.0m against liabilities of $1.2m, net assets of $9.7m. It reported 55 employees.