Newman Foundation of the State University of New York at Binghamt

Analysis

Newman Foundation of the State University of New York at Binghamt is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in September 1969, 57 years ago. 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 December 2023, Newman Foundation of the State University of New York at Binghamt reported income of $140k and spending of $119k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $140k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newman Foundation of the State University of New York at Binghamt sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Rye Garden Club ($140k), Yes We Must Coalition ($140k) and Little League Baseball Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $293k against liabilities of $3,118, net assets of $290k.