The Genesee Community College Foundation Inc

Analysis

The Genesee Community College Foundation Inc is a registered charity in United States, based in Batavia, NY. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, The Genesee Community College Foundation Inc reported income of $393k and spending of $583k, spending 148% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $1.7m to $393k (-77%), an average of -39% a year. The sharpest change came in the year to August 2023, when income dropped by 54%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Genesee Community College Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include St Aloysius Gonzaga Charities Inc ($393k), Cobalt Community Research ($393k) and Cambridge Math Circle Inc ($393k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $82k. At year end it held assets of $7.9m against liabilities of $39k, net assets of $7.9m. It reported 2 employees.