Undergraduate Student Assoc of the State University College at Genese

Analysis

Undergraduate Student Assoc of the State University College at Genese is a registered charity in United States, based in Geneseo, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Undergraduate Student Assoc of the State University College at Genese reported income of $924k and spending of $1.5m, spending 160% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $1.1m to $924k (-18%), an average of -4.8% a year. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Undergraduate Student Assoc of the State University College at Genese sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Nebraska City Public Schools Foundation Inc ($924k), Workforce Services Unlimited Inc ($924k) and Galion Public Library Association ($924k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $88k (6.0% of expenses). Other salaries and wages came to $211k. At year end it held assets of $979k against liabilities of $68k, net assets of $911k.

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.