Finger Lakes Area Community Endowment

Analysis

Finger Lakes Area Community Endowment is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Finger Lakes Area Community Endowment reported income of $4.6m and spending of $4.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $4.6m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Finger Lakes Area Community Endowment sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Individual and Family Support Network ($4.6m), Karam Foundation NFP ($4.6m) and Nantucket Golf Club Foundation Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $20.3m against liabilities of $0, net assets of $20.3m.