Cortland College Foundation Inc

Analysis

Cortland College Foundation Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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 June 2023, Cortland College Foundation Inc reported income of $4.2m and spending of $3.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $4.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cortland College Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Worcester Community Housing Resources Inc ($4.2m), Bible Mennonite Fellowship ($4.2m) and Pharmaceutical Research and Manufacturers of America FND Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $66.5m against liabilities of $141k, net assets of $66.3m.