State University of New York Polytechnic Institute Foundation I

Analysis

State University of New York Polytechnic Institute Foundation I is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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, State University of New York Polytechnic Institute Foundation I reported income of $1.0m and spending of $930k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $1.0m (+93%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 426%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, State University of New York Polytechnic Institute Foundation I sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Viator House of Hospitality ($1.0m), Shepherds Staff Ministries Inc ($1.0m) and Orlando Youth Hockey Association Incorporated ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $12.8m against liabilities of $82k, net assets of $12.8m.