Finger Lakes Community College Association Inc

Analysis

Finger Lakes Community College Association Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in April 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Finger Lakes Community College Association Inc reported income of $4.6m and spending of $3.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $4.6m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finger Lakes Community College Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Make-A Wish Foundation of San Diego Inc ($4.6m), Midland Kings Daughters Home of Michigan ($4.6m) and Police Athletic League of Delaware Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $118k (3.1% of expenses). Other salaries and wages came to $614k. At year end it held assets of $14.8m against liabilities of $11.9m, net assets of $2.9m. It reported 34 employees.