Griffiss Institute Inc
Only null% goes to programs Growing revenue
Griffiss Institute Inc is a 501(c)(3) organization based in Rome, New York, registered in 2004, with $27,891,903 in FY2024 revenue. CharityIndex grades it C+.
592 Hangar Rd 2nd Floor, Rome, NY, 13441 EIN 03-0500249 Since 2004
Revenue (FY2024)
$27.9M
▼ 20.0% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$28.0M
Net assets
$2.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Griffiss Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Griffiss Institute Inc: 1 mo reserves · -0% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Griffiss Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Griffiss Institute Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 592 Hangar Rd 2nd Floor, Rome, NY, 13441
- City
- Rome
- State
- New York
- Category
- Science & Technology
- Subcategory
- Engineering & Technology
- Website
- …
Financial trends
Revenue grew from $1.9M (FY2013) to $27.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.2MNet assets $2.7M
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$7.0M
Total liabilities
$4.2M
Net assets
$2.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,891,903▼20.0% | $27,986,519▼19.9% | $2,743,422▼3.3% | $6,977,527▼12.6% | 990 |
| 2023 | $34,861,198▲106% | $34,924,604▲109% | $2,838,038▼2.2% | $7,986,473▲11.9% | 990 |
| 2022 | $16,897,734▲27.3% | $16,716,597▲26.7% | $2,901,444▲6.7% | $7,136,257▲33.4% | 990 |
| 2021 | $13,272,090▼22.8% | $13,190,191▼20.3% | $2,720,307▲3.1% | $5,351,291▲28.4% | 990 |
| 2020 | $17,191,014▲37.9% | $16,557,888▲36.6% | $2,638,408▲31.6% | $4,166,536▲17.1% | 990 |
| 2019 | $12,469,031▲22.5% | $12,119,220▲24.6% | $2,005,282▲21.1% | $3,558,458▲60.6% | 990 |
| 2018 | $10,181,489▲69.3% | $9,728,322▲64.8% | $1,655,471▲37.7% | $2,216,029▲29.3% | 990 |
| 2017 | $6,013,437▼8.8% | $5,903,839▼8.6% | $1,202,304▲10.0% | $1,713,335▼5.3% | 990 |
| 2016 | $6,593,513▲58.8% | $6,456,164▲58.7% | $1,092,706▲12.2% | $1,809,146▲5.7% | 990 |
| 2015 | $4,150,796▲22.5% | $4,068,916▲31.0% | $973,591▲9.2% | $1,712,190▼4.4% | 990 |
| 2014 | $3,387,123▲81.4% | $3,106,129▲79.3% | $891,711▲46.0% | $1,791,582▲108% | 990 |
| 2013 | $1,867,531 | $1,732,469▲19.6% | $610,717▲28.4% | $860,470▲27.2% | 990 |
| 2012 | — | $1,448,819▲12.0% | $475,655▲35.7% | $676,326▲43.1% | 990 |
| 2011 | — | $1,293,099▲115% | $350,566▲163% | $472,579▲127% | 990 |
| 2010 | — | $601,946 | $133,324 | $208,466 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $86K total
3 grants to Griffiss Institute Inc totaling $86K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New York State Technology Enterprise Corporation | $27k for transportation costs for two summer internship programs, the rest is general program support | 2024 | $30,000 |
| New York State Technology Enterprise Corporation | Cny code-a-thon | 2019 | $6,000 |
| New York State Technology Enterprise Corporation | To support the commercialization academy and the new idea ny program | 2017 | $50,000 |
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Frequently asked questions
- Is Griffiss Institute Inc a legitimate nonprofit?
- Yes. Griffiss Institute Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0500249, based in Rome, New York. Donations are tax-deductible.
- What is Griffiss Institute Inc's EIN?
- Griffiss Institute Inc's Employer Identification Number (EIN) is 03-0500249.
- How much revenue does Griffiss Institute Inc report?
- Griffiss Institute Inc reported $27,891,903 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Griffiss Institute Inc have?
- CharityIndex grades Griffiss Institute Inc C+, based on financial health (reserves and operating margin).
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Data for Griffiss Institute Inc (EIN 03-0500249) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.