Herkimer County Community College Housing Authority

Analysis

Herkimer County Community College Housing Authority is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Herkimer County Community College Housing Authority reported income of $2.3m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.1m to $2.3m (-25%), an average of -7.1% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herkimer County Community College Housing Authority sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Northern Nevada Literacy Council ($2.3m), Lake City Christian Academy Inc ($2.3m) and Haron Dahon Fund for Bar Ilan University in Israel Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $330k. At year end it held assets of $1.9m against liabilities of $79k, net assets of $1.8m. It reported 25 employees.

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.