Keuka College

Analysis

Keuka College is a registered charity in United States, based in Keuka Park, NY. It received its IRS tax-exemption ruling in September 1939, 87 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Keuka College reported income of $53.6m and spending of $52.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.4m to $53.6m (-9.7%), an average of -2.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keuka College 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 Universidad Politecnica de Puerto Rico Inc ($53.5m), Pinkerton Academy ($53.6m) and West Virginia Wesleyan College ($53.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $944k (1.8% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $65.4m against liabilities of $27.4m, net assets of $38.0m. It reported 738 employees.