Foundation Of The State University Of New York At Binghamton Inc

Binghamton University Foundation shows strong asset growth despite fluctuating revenues and recent operating deficit.

EIN: 166053710 · Binghamton, NY · NTEE: B110 · Updated: 2026-03-28

$564.2MRevenue

$498.4MAssets

85/100Mission Score (Excellent)

B110

About Foundation Of The State University Of New York At Binghamton Inc

Foundation Of The State University Of New York At Binghamton Inc (EIN: 166053710) is a nonprofit organization based in Binghamton, NY, classified under NTEE code B110. The organization reported total revenue of $564.2M and total assets of $498.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Of The State University Of New York At Binghamton Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Foundation Of The State University Of New York At Binghamton Inc demonstrates a fluctuating but generally strong financial position, with assets consistently growing over the past decade, reaching $468,776,672 in the latest filing. Revenue has shown significant variability, with a notable peak of $309,395,877 in 2022, followed by a decrease to $82,839,756 in 2024. This volatility is common for university foundations, often reflecting large one-time donations or investment gains. The organization consistently reports 0% officer compensation, which is a positive indicator for transparency and efficient use of funds, as it suggests that executive salaries are not a significant drain on resources or are covered by the university directly. However, the latest filing shows expenses exceeding revenue ($111,780,813 vs. $82,839,756), indicating a deficit for that period, which warrants monitoring.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Foundation Of The State University Of New York At Binghamton Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Foundation Of The State University Of New York At Binghamton Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% in all available filings, suggesting that officers either serve without compensation from the foundation or their salaries are covered by the university, which is a positive sign for resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Foundation Of The State University Of New York At Binghamton Inc's IRS 990 filings:

Expenses exceeded revenue in the latest filing (202406), indicating an operating deficit for that period.

Strengths

The following positive indicators were identified for Foundation Of The State University Of New York At Binghamton Inc:

Consistent asset growth, reaching $468,776,672 in the latest filing.
Reported 0% officer compensation across all filings, indicating efficient use of funds.
Strong financial reserves with assets significantly exceeding liabilities ($468,776,672 assets vs. $19,616,386 liabilities in 2024).

Frequently Asked Questions about Foundation Of The State University Of New York At Binghamton Inc

Is Foundation Of The State University Of New York At Binghamton Inc a good charity?

Based on the available data, the Foundation appears to be a well-managed organization with strong asset growth and a commitment to its mission, as evidenced by 0% officer compensation. Its primary function is to support Binghamton University, and its financial health suggests it is capable of doing so effectively.

Why is the revenue so volatile?

Revenue for university foundations can be highly volatile due to the timing of large donations, capital campaigns, and investment performance. For example, the $309,395,877 revenue in 2022 likely includes significant one-time contributions or substantial investment gains, which are not necessarily recurring annually.

What caused the deficit in the 2024 filing?

In the 2024 filing, expenses ($111,780,813) exceeded revenue ($82,839,756) by approximately $28.9 million. This could be due to increased program spending, capital expenditures, or a temporary dip in fundraising, and would require a deeper dive into the specific expense categories to fully understand.

Filing History

IRS 990 filing history for Foundation Of The State University Of New York At Binghamton Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Foundation Of The State University Of New York At Binghamton Inc's revenue has grown by 531.1%, moving from $13.1M to $82.8M. Total assets increased by 418.7% over the same period, from $90.4M to $468.8M. Total functional expenses rose by 980.5%, from $10.3M to $111.8M. In its most recent filing year (2024), Foundation Of The State University Of New York At Binghamton Inc reported a deficit of $28.9M, with expenses exceeding revenue. The organization holds $19.6M in liabilities against $468.8M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $449.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$82.8M	$111.8M	$468.8M	$19.6M	—	—
2023	$58.0M	$80.0M	$496.6M	$13.3M	—	View 990
2022	$309.4M	$30.3M	$533.5M	$11.9M	—	View 990
2021	$29.3M	$22.7M	$286.5M	$54.9M	—	View 990
2020	$69.6M	$19.3M	$250.7M	$51.0M	—	View 990
2019	$26.8M	$17.6M	$175.8M	$23.1M	—	View 990
2018	$23.7M	$16.9M	$172.1M	$31.7M	—	View 990
2017	$25.7M	$17.3M	$158.6M	$29.4M	—	View 990
2016	$25.0M	$14.9M	$132.6M	$25.5M	—	View 990
2015	$30.3M	$12.6M	$130.1M	$20.9M	—	View 990
2014	$15.9M	$12.2M	$113.8M	$17.9M	—	View 990
2013	$12.3M	$12.3M	$97.3M	$13.8M	—	View 990
2012	$9.1M	$10.7M	$91.1M	$14.4M	—	View 990
2011	$13.1M	$10.3M	$90.4M	$11.7M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $82.8M, expenses of $111.8M, and assets of $468.8M (revenue +42.9% year-over-year).
2023: Revenue of $58.0M, expenses of $80.0M, and assets of $496.6M (revenue -81.3% year-over-year).
2022: Revenue of $309.4M, expenses of $30.3M, and assets of $533.5M (revenue +955.3% year-over-year).
2021: Revenue of $29.3M, expenses of $22.7M, and assets of $286.5M (revenue -57.9% year-over-year).
2020: Revenue of $69.6M, expenses of $19.3M, and assets of $250.7M (revenue +159.9% year-over-year).
2019: Revenue of $26.8M, expenses of $17.6M, and assets of $175.8M (revenue +13.0% year-over-year).
2018: Revenue of $23.7M, expenses of $16.9M, and assets of $172.1M (revenue -7.9% year-over-year).
2017: Revenue of $25.7M, expenses of $17.3M, and assets of $158.6M (revenue +2.9% year-over-year).
2016: Revenue of $25.0M, expenses of $14.9M, and assets of $132.6M (revenue -17.6% year-over-year).
2015: Revenue of $30.3M, expenses of $12.6M, and assets of $130.1M (revenue +90.6% year-over-year).
2014: Revenue of $15.9M, expenses of $12.2M, and assets of $113.8M (revenue +29.4% year-over-year).
2013: Revenue of $12.3M, expenses of $12.3M, and assets of $97.3M (revenue +34.6% year-over-year).
2012: Revenue of $9.1M, expenses of $10.7M, and assets of $91.1M (revenue -30.3% year-over-year).
2011: Revenue of $13.1M, expenses of $10.3M, and assets of $90.4M.

Data Sources and Methodology

This transparency report for Foundation Of The State University Of New York At Binghamton Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.