The Baruch College Fund

Analysis

The Baruch College Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2015, 11 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 June 2023, The Baruch College Fund reported income of $13.5m and spending of $19.5m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.0m to $13.5m (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 180%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Baruch College Fund sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Global Village Academy - Aurora ($13.5m), Portland Christian School System Inc ($13.5m) and Lexington Christian Academy ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $181k (0.9% of expenses). Other salaries and wages came to $8.4m. It paid $203k in professional fundraising fees. At year end it held assets of $291.8m against liabilities of $2.7m, net assets of $289.1m. It reported 608 employees.