Tompkins Cortland Community College Foundation

Analysis

Tompkins Cortland Community College Foundation is a registered charity in United States, based in Dryden, NY. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tompkins Cortland Community College Foundation reported income of $6.4m and spending of $9.8m, spending 152% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $9.0m to $6.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 139% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tompkins Cortland Community College Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Cornerstone Franciscan Ministries Inc ($6.4m), Chofetz Chaim Heritage Foundation ($6.4m) and Chicago Rabbinical Council Inc ($6.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Other salaries and wages came to $803k. At year end it held assets of $50.7m against liabilities of $48.3m, net assets of $2.4m. It reported 47 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.