Geneva College Foundation

Analysis

Geneva College Foundation is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in November 2020, 6 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 May 2024, Geneva College Foundation reported income of $4.4m and spending of $2.0m, leaving 55% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income fell from $6.5m to $4.4m (-32%), an average of -17% a year. The sharpest change came in the year to May 2024, when income dropped by 19%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geneva College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Cair Paravel Latin School Inc ($4.4m), Providence Preparatory Charter School ($4.4m) and Foundation for the Baltimore Leadership School for Young Women ($4.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. At year end it held assets of $11.5m against liabilities of $188k, net assets of $11.3m.