Erie Community College Foundation Inc

Analysis

Erie Community College Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1988, 38 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 August 2023, Erie Community College Foundation Inc reported income of $1.0m and spending of $881k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $937k to $1.0m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to August 2022, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erie Community College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Healthcare Industry Grant Corporation ($1.0m), American Friends of Amaleh Shel Torah Inc ($1.0m) and Center for Quality People and Organizations Inc ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $220k. At year end it held assets of $6.6m against liabilities of $27k, net assets of $6.6m. It reported 5 employees.