Union County College Foundation Inc

Analysis

Union County College Foundation Inc is a registered charity in United States, based in Cranford, NJ. It received its IRS tax-exemption ruling in December 2018, 8 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 June 2024, Union County College Foundation Inc reported income of $4.0m and spending of $2.1m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $4.0m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union County College Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Oak Hills Fellowship Inc ($4.0m), Akiing Community Development Corporation ($4.0m) and Foundation for Seminole County Public Schools Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% of the total. At year end it held assets of $28.0m against liabilities of $431k, net assets of $27.6m.