Central New York Community Foundation Inc

Analysis

Central New York Community Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1948, 78 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 March 2023, Central New York Community Foundation Inc reported income of $34.3m and spending of $25.3m, leaving 26% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $29.0m to $34.3m (+18%), an average of +5.8% a year. The sharpest change came in the year to March 2022, when income rose by 31%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Central New York Community Foundation Inc sits at the 98th percentile: it is larger than about 98% 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 Dimock Community Foundation Inc ($33.9m), JFMC Facilities Corporation ($34.3m) and So What Else Inc ($33.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $462k (1.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $389.5m against liabilities of $31.8m, net assets of $357.7m. It reported 31 employees.