Purchase College Foundation

Analysis

Purchase College Foundation is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in July 1970, 56 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 June 2023, Purchase College Foundation reported income of $3.2m and spending of $6.0m, spending 186% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.5m to $3.2m (-66%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 204%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purchase College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Riverside Christian School ($3.2m), Kellenberg Shepherds Fund Inc ($3.2m) and Seiu Local 503 and Joint Employers Workforce Development Fund ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 8.3% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $96.8m against liabilities of $11.3m, net assets of $85.5m.