Foundation of the State University of New York at Binghamton Inc

Analysis

Foundation of the State University of New York at Binghamton Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in March 1958, 68 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 June 2024, Foundation of the State University of New York at Binghamton Inc reported income of $82.8m and spending of $111.8m, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $26.8m to $82.8m (+209%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 955%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of the State University of New York at Binghamton Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include University at Buffalo Foundation Inc ($82.8m), Early Learning Coalition of North Florida Inc ($82.8m) and New York Law School ($82.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 0.1% of the total. Other salaries and wages came to $2.3m. It paid $323k in professional fundraising fees. At year end it held assets of $468.8m against liabilities of $19.6m, net assets of $449.2m.