Sussex County Community College Foundation

Analysis

Sussex County Community College Foundation is a registered charity in United States, based in Newton, NJ. It received its IRS tax-exemption ruling in September 1984, 42 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sussex County Community College Foundation reported income of $476k and spending of $410k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $858k to $476k (-45%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sussex County Community College Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Montessori School in Norwich ($476k), Minority Veterans of America ($476k) and National Giving Alliance ($476k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $3.5m against liabilities of $138k, net assets of $3.4m.