Jefferson Community College Foundation Inc

Analysis

Jefferson Community College Foundation Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in January 1969, 57 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 August 2023, Jefferson Community College Foundation Inc reported income of $655k and spending of $1.4m, spending 216% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $642k to $655k (+2.0%), an average of +0.7% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jefferson Community College Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Florence-Darlington Technical College Foundation Inc ($655k), The Lay Centre at Foyer Unitas Institute ($655k) and Lancaster Education Foundation ($655k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $111k (7.9% of expenses). At year end it held assets of $8.9m against liabilities of $819k, net assets of $8.1m.