Faculty Students Association of State University of New York

Analysis

Faculty Students Association of State University of New York is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Faculty Students Association of State University of New York reported income of $50.1m and spending of $45.3m, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $38.0m to $50.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to May 2022, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Students Association of State University of New York sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include America Can ($50.0m), True North Rochester Preparatorycharter School ($50.2m) and Lincoln-Marti Community Agency Inc ($50.0m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $973k (2.1% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $61.2m against liabilities of $19.2m, net assets of $42.0m. It reported 2,014 employees.