The Catholic Schools of Broome County Foundation

Analysis

The Catholic Schools of Broome County Foundation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 1981, 45 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, The Catholic Schools of Broome County Foundation reported income of $112k and spending of $589k, spending 524% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $652k to $112k (-83%), an average of -36% a year. The sharpest change came in the year to June 2020, when income dropped by 67%. Over the whole period it spent 237% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Catholic Schools of Broome County Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Nisse Preschool & Kids Place ($112k), PTA Colorado Congress ($112k) and Cornerstone Senior Communities ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.