Southern Tier Enterprise Development Organization Inc

Analysis

Southern Tier Enterprise Development Organization Inc is a registered charity in United States, based in Salamanca, NY. It received its IRS tax-exemption ruling in August 1991, 35 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 September 2023, Southern Tier Enterprise Development Organization Inc reported income of $96k and spending of $110k, spending 114% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $198k to $96k (-52%), an average of -22% a year. The sharpest change came in the year to September 2022, when income rose by 219%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Tier Enterprise Development Organization Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Grand Island Concert Association of Grand Island Nebraska Inc ($96k), Community Career Development Council Inc ($96k) and Christ Among Neigbors ($96k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $667k, net assets of $1.8m.