Finger Lakes Community College Foundation

Analysis

Finger Lakes Community College Foundation is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in August 1980, 46 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, Finger Lakes Community College Foundation reported income of $3.6m and spending of $1.9m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $853k to $3.6m (+325%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finger Lakes Community College Foundation 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 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Society for Preservation of Weeksville & Bedford-Stuyvesant Hi ($3.6m), Council of the Southern Mountains Inc ($3.6m) and Gilroy Foundation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 2.9% of the total. At year end it held assets of $7.1m against liabilities of $642k, net assets of $6.5m.