Faculty Student Association State University College at Fredonia Inc

Analysis

Faculty Student Association State University College at Fredonia Inc is a registered charity in United States, based in Fredonia, NY. It received its IRS tax-exemption ruling in December 1953, 73 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 May 2024, Faculty Student Association State University College at Fredonia Inc reported income of $12.1m and spending of $11.9m, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $13.4m to $12.1m (-10%), an average of -2.6% a year. The sharpest change came in the year to May 2023, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Student Association State University College at Fredonia Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Betty Shabazz International Charter School ($12.1m), Ilead Lancaster ($12.1m) and Springfield Partners for Community ($12.0m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $145k (1.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $20.9m against liabilities of $4.7m, net assets of $16.3m. It reported 430 employees.