Homer-Cortland Community Agency Inc

Analysis

Homer-Cortland Community Agency Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Homer-Cortland Community Agency Inc reported income of $265k and spending of $294k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $265k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homer-Cortland Community Agency Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Polk County Higher Education & Technology Foundation ($265k), Christian Womens Job Corps of McLennan County ($265k) and Working Adults Learning Lifelong Skills Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $72k (25% of expenses). At year end it held assets of $2.9m against liabilities of $42k, net assets of $2.8m. It reported 1 employees.