Genesee Community College Foundation Housing Services Inc

Analysis

Genesee Community College Foundation Housing Services Inc is a registered charity in United States, based in Batavia, NY. It received its IRS tax-exemption ruling in March 2002, 24 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, Genesee Community College Foundation Housing Services Inc reported income of $2.6m and spending of $2.3m, spending 90% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.2m to $2.6m (+16%), an average of +5.2% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesee Community College Foundation Housing Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Explore Academy Foundation ($2.6m), National Engineers Week Foundation ($2.6m) and United States Hispanic Chamber of Commerce Educational Fund ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.9% and program service revenue 93% of the total. Other salaries and wages came to $325k. At year end it held assets of $11.7m against liabilities of $8.0m, net assets of $3.7m. It reported 6 employees.