Fort Schuyler Maritime Alumni Association Inc

Analysis

Fort Schuyler Maritime Alumni Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Fort Schuyler Maritime Alumni Association Inc reported income of $808k and spending of $792k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $862k to $808k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Schuyler Maritime Alumni Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Bayfield Early Education Program ($808k), Atlantic Seaboard Dyslexia Education Center ($808k) and Prairie STEM ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $16k. At year end it held assets of $12.4m against liabilities of $146k, net assets of $12.3m. It reported 2 employees.