Esf College Foundation Inc

Analysis

Esf College Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Esf College Foundation Inc reported income of $16.3m and spending of $5.4m, leaving 67% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $16.3m (+271%), an average of +55% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Esf College Foundation Inc sits at the 95th percentile: it is larger than about 95% 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 Career Academy of South Bend Inc ($16.3m), International School of Brooklyn ($16.3m) and LA Causa Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 1.9% of the total. It paid $26k in professional fundraising fees. At year end it held assets of $50.8m against liabilities of $3.5m, net assets of $47.3m.