Schenectady County Community College Foundation Inc

Analysis

Schenectady County Community College Foundation Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1973, 53 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 August 2023, Schenectady County Community College Foundation Inc reported income of $1.0m and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.6m to $1.0m (-61%), an average of -21% a year. The sharpest change came in the year to August 2021, when income rose by 72%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schenectady County Community College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Guadalupe Montessori School Inc ($1.0m), Literacy Council of Alaska ($1.0m) and Islamic Scholarship Fund ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $147k. At year end it held assets of $10.3m against liabilities of $289k, net assets of $10.0m. It reported 4 employees.