Suny New Paltz Foundation Inc

Analysis

Suny New Paltz Foundation Inc is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Suny New Paltz Foundation Inc reported income of $3.9m and spending of $2.8m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $3.9m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suny New Paltz Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include San Jose Christian School ($3.9m), Villas at Saint Therese Inc ($3.9m) and Forever Young Foundation ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $51.1m against liabilities of $1.3m, net assets of $49.8m.