Empire State University Foundation

Analysis

Empire State University Foundation is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Empire State University Foundation reported income of $620k and spending of $1.8m, spending 292% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $620k (-72%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 84%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empire State University Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Holyoke Community Media Inc ($620k), Early Learning Access Inc ($621k) and Gateway Montessori School ($620k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 148% of the total. At year end it held assets of $44.9m against liabilities of $76k, net assets of $44.8m.