Bergen Community College Foundation

Analysis

Bergen Community College Foundation is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in April 1982, 44 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 2023, Bergen Community College Foundation reported income of $1.0m and spending of $894k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bergen 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 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Liberty Leadership Academy ($1.0m), GMDP Academy Inc ($1.0m) and Association of Independent Colleges of Art and Design Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $82k. At year end it held assets of $12.0m against liabilities of $164k, net assets of $11.8m.