Suny Impact Foundation Inc

Analysis

Suny Impact Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2017, 9 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 2024, Suny Impact Foundation Inc reported income of $13.9m and spending of $11.8m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $13.9m (+927%), an average of +59% a year. The sharpest change came in the year to June 2020, when income rose by 975%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suny Impact Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Maryvale Preparatory Academy ($13.8m), Commonlit Inc ($13.9m) and Faith Academy of Mobile Inc ($13.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.4m against liabilities of $388k, net assets of $4.0m.