Hudson Valley Community College Foundation Inc

Analysis

Hudson Valley Community College Foundation Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in March 1983, 43 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, Hudson Valley Community College Foundation Inc reported income of $5.2m and spending of $2.3m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $5.2m (+355%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 127%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hudson Valley Community College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Charter School Association of Willits ($5.2m), Jewish Kids Groups Foundation Inc ($5.2m) and Urban Montessori ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $65k (2.8% of expenses). Other salaries and wages came to $238k. At year end it held assets of $11.4m against liabilities of $673k, net assets of $10.8m. It reported 8 employees.