Faculty Student Assoc Herkimer Comm College

Analysis

Faculty Student Assoc Herkimer Comm College is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in November 1968, 58 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, Faculty Student Assoc Herkimer Comm College reported income of $605k and spending of $870k, spending 144% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $740k to $605k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Student Assoc Herkimer Comm College sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include New York District Kiwanis Foundation Inc ($604k), Entrepreneurs Organization ($605k) and Tri-State Consortium Inc ($604k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.3% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $27k (3.1% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.1m against liabilities of $80k, net assets of $1.0m. It reported 10 employees.