Herkimer County College Foundation Inc

Analysis

Herkimer County College Foundation Inc is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in June 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, Herkimer County College Foundation Inc reported income of $894k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $894k (-41%), an average of -12% a year. The sharpest change came in the year to August 2023, when income dropped by 35%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Herkimer County College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Brazos Valley Symphony Society ($894k), Maydm Inc ($894k) and Masonic Widows & Orphans Home of Tennessee Fund ($893k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. Other salaries and wages came to $163k. At year end it held assets of $11.6m against liabilities of $2.7m, net assets of $8.9m.