Mohawk Valley Community College Foundation Inc

Analysis

Mohawk Valley Community College Foundation Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in January 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mohawk Valley Community College Foundation Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.3m to $1.4m (-66%), an average of -24% a year. The sharpest change came in the year to August 2020, when income dropped by 57%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mohawk Valley Community College Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include American Mosquito Control Association ($1.4m), Christian Action Network ($1.4m) and The College on Problems of Drug Dependence Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $9.8m against liabilities of $484k, net assets of $9.3m.