Queens College Special Projects Fund Inc

Analysis

Queens College Special Projects Fund Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Queens College Special Projects Fund Inc reported income of $6.6m and spending of $7.3m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.3m to $6.6m (-8.7%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Queens College Special Projects Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include United Way of Greater Greensboro Inc ($6.6m), Quest Services Inc ($6.6m) and United Way of Lake County Inc ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Other salaries and wages came to $559k. At year end it held assets of $48.3m against liabilities of $60.7m, net assets of -$12.4m.

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.