Stella and Charles Community College Foundation Inc

Analysis

Stella and Charles Community College Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Stella and Charles Community College Foundation Inc reported income of $465k and spending of $531k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $767k to $465k (-39%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stella and Charles Community College Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include The Educator Collective ($465k), FC Singers Inc ($465k) and Holy Trinity Academy ($465k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $443k, net assets of $563k.

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.