Westchester Community College Foundation Inc

Analysis

Westchester Community College Foundation Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Westchester Community College Foundation Inc reported income of $8.4m and spending of $4.9m, leaving 42% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.5m to $8.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to August 2020, when income rose by 29%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westchester Community College Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Rafael and Luisa de Marchena-Huyke Foundation ($8.4m), Southeastern Illinois Community Foundation ($8.5m) and Supportive Care Services of Michigan Inc ($8.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $179k (3.7% of expenses). Other salaries and wages came to $414k. At year end it held assets of $65.5m against liabilities of $785k, net assets of $64.8m. It reported 10 employees.