Cortlandt Engine Company

Analysis

Cortlandt Engine Company is a registered charity in United States, based in Montrose, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cortlandt Engine Company reported income of $120k and spending of $173k, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $154k to $120k (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cortlandt Engine Company sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include San Angelo Schools Foundation ($120k), Handprint Productions Inc ($120k) and University Properties Inc ($120k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.7% and program service revenue 86% of the total. At year end it held assets of $737k against liabilities of $0, net assets of $737k.