Amherst Central Schools Foundation Inc

Analysis

Amherst Central Schools Foundation Inc is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amherst Central Schools Foundation Inc reported income of $55k and spending of $93k, spending 170% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $711k to $55k (-92%), an average of -47% a year. The sharpest change came in the year to June 2022, when income rose by 365%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amherst Central Schools Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Senior Citizens Center Inc ($55k), Sons of Confederate Veterans Inc ($55k) and The Contreras Family Scholarship Fund ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 57% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.