Fredonia College Foundation of State University of New York Inc

Analysis

Fredonia College Foundation of State University of New York Inc is a registered charity in United States, based in Fredonia, NY. It received its IRS tax-exemption ruling in August 1965, 61 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 December 2023, Fredonia College Foundation of State University of New York Inc reported income of $4.3m and spending of $2.8m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.3m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fredonia College Foundation of State University of New York Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include West Park Academy Inc ($4.3m), Christian Enterprises Inc ($4.3m) and Teaching American History ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $188k. At year end it held assets of $54.7m against liabilities of $301k, net assets of $54.4m. It reported 4 employees.