Passaic County Community College Foundation

Analysis

Passaic County Community College Foundation is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 2023, Passaic County Community College Foundation reported income of $913k and spending of $408k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $913k (-11%), an average of -3.7% a year. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Passaic County Community College Foundation 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 81st percentile within NJ. Charities of a similar size with the same main cause include Hospice of Pamlico County Inc ($912k), Friends of Ballona Wetlands ($913k) and Community Referral Agency Inc ($912k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $6.6m against liabilities of $1.5m, net assets of $5.0m.