Educational Foundation of Alfred Inc

Analysis

Educational Foundation of Alfred Inc is a registered charity in United States, based in Alfred, NY. It received its IRS tax-exemption ruling in July 1972, 54 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, Educational Foundation of Alfred Inc reported income of $687k and spending of $682k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $733k to $687k (-6.3%), an average of -1.6% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Foundation of Alfred Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Minnesota USA Wrestling Inc ($687k), Machebeuf Apartments ($687k) and Penfield Symphony Orchestra Inc ($687k).

At year end it held assets of $7.1m against liabilities of $135k, net assets of $6.9m.