State University of New York College at Farmingdale Foundation

Analysis

State University of New York College at Farmingdale Foundation is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in December 1969, 57 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 2024, State University of New York College at Farmingdale Foundation reported income of $3.7m and spending of $2.2m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $927k to $3.7m (+297%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, State University of New York College at Farmingdale Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include St Vrain Community Montessori School ($3.7m), The Growing Place Center for Care & Learning of Salem St Paul ($3.7m) and Lawrence County Independent Schools ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. At year end it held assets of $15.7m against liabilities of $108k, net assets of $15.6m.