Chautauqua Region Industrial Development Corporation

Analysis

Chautauqua Region Industrial Development Corporation is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chautauqua Region Industrial Development Corporation reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 270%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chautauqua Region Industrial Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Hampton Roads Executive Roundtable ($1.5m), North Carolina Center for Non Profit Organizations Inc ($1.5m) and First Flight Venture Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $206k. At year end it held assets of $2.4m against liabilities of $1.8m, net assets of $548k.