Community Foundation for South Central New York Inc

Analysis

Community Foundation for South Central New York Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in January 1997, 29 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, Community Foundation for South Central New York Inc reported income of $11.5m and spending of $4.1m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $11.5m (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for South Central New York Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Geneva Foundation of Presbyterian Homes ($11.5m), Jack Miller Center for Teaching Americas Founding Principles and ($11.6m) and Cambodian Childrens Fund ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $231k (5.6% of expenses). Other salaries and wages came to $166k. At year end it held assets of $43.8m against liabilities of $1.6m, net assets of $42.2m. It reported 8 employees.