Three Rivers Development Foundation Inc

Analysis

Three Rivers Development Foundation Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in January 1967, 59 years ago. 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, Three Rivers Development Foundation Inc reported income of $344k and spending of $293k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $374k to $344k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Rivers Development Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Campbell County Firefighters Education Association Inc ($343k), River Phoenix Center for Peace Building Inc ($344k) and Leon a & Esther F Blum Foundation Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $685k against liabilities of $0, net assets of $685k.