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
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Foundation Of The State University Of New York At Binghamton Inc is mapped to EIN 166053710.
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| Metric | Value |
|---|---|
| Total Revenue | $564.2M |
| Total Expenses | $111.8M |
| Program Spending | 90% |
| Net Assets | $449.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Foundation Of The State University Of New York At Binghamton Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Foundation Of The State University Of New York At Binghamton Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Foundation Of The State University Of New York At Binghamton Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $82.8M and expenses of $111.8M.
Revenue and Expenses
Foundation Of The State University Of New York At Binghamton Inc reported $82.8M in revenue and $111.8M in expenses, a deficit of $28.9M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 3 strengths are shown from structured and AI review.
Is Foundation Of The State University Of New York At Binghamton Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $100.6M (90%) |
Across stored filings, Foundation Of The State University Of New York At Binghamton Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Education context |
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Foundation Of The State University Of New York At Binghamton Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Foundation Of The State University Of New York At Binghamton Inc is a major nonprofit that has been operating for 68 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $82.8M |
| Total Expenses | $111.8M |
| Surplus / Deficit | $-28,941,057 |
| Total Assets | $468.8M |
| Total Liabilities | $19.6M |
| Net Assets | $449.2M |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 50.3 months |
Financial Health Grade: B
In 2024, Foundation Of The State University Of New York At Binghamton Inc reported a deficit of $28.9M with expenses exceeding revenue, holds 50.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Foundation Of The State University Of New York At Binghamton Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +42.9% | +39.7% | -5.6% |
| 2023 | -81.3% | +163.9% | -6.9% |
| 2022 | +955.3% | +33.7% | +86.2% |
| 2021 | -57.9% | +17.5% | +14.3% |
| 2020 | +159.9% | +9.5% | +42.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
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 legitimate charity?
Foundation Of The State University Of New York At Binghamton Inc (EIN: 166053710) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $564.2M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Foundation Of The State University Of New York At Binghamton Inc spend its money?
Foundation Of The State University Of New York At Binghamton Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Foundation Of The State University Of New York At Binghamton Inc tax-deductible?
Foundation Of The State University Of New York At Binghamton Inc is registered as a tax-exempt nonprofit (EIN: 166053710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation Of The State University Of New York At Binghamton Inc's spending goes to programs?
Foundation Of The State University Of New York At Binghamton Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation Of The State University Of New York At Binghamton Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Foundation Of The State University Of New York At Binghamton Inc is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation Of The State University Of New York At Binghamton Inc located?
Foundation Of The State University Of New York At Binghamton Inc is headquartered in Binghamton, New York and files with the IRS under EIN 166053710. It is classified under NTEE code B110.
How many years of IRS 990 filings does Foundation Of The State University Of New York At Binghamton Inc have?
Foundation Of The State University Of New York At Binghamton Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $564.2M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Of The State University Of New York At Binghamton Inc:
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.