Alfred State College Development Fu ND Inc

Analysis

Alfred State College Development Fu ND Inc is a registered charity in United States, based in Alfred, NY. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alfred State College Development Fu ND Inc reported income of $2.5m and spending of $2.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.5m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alfred State College Development Fu ND Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Mountain School Inc ($2.5m), Red Wing Family YMCA ($2.5m) and Coryell Memorial Hospital Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 4.0% of the total. At year end it held assets of $11.4m against liabilities of $25k, net assets of $11.3m.