Central New York Technology Development Organization Inc

Analysis

Central New York Technology Development Organization Inc is a registered charity in United States, based in Liverpool, NY. It received its IRS tax-exemption ruling in May 1990, 36 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 October 2023, Central New York Technology Development Organization Inc reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $3.4m to $1.7m (-50%), an average of -16% a year. The sharpest change came in the year to October 2021, when income dropped by 44%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central New York Technology Development Organization Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Southeast Childhood Collective ($1.7m), The Maryland Symphony Orchestra Inc ($1.7m) and Butler Fair and Agricultural Organization ($1.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $218k (13% of expenses). Other salaries and wages came to $783k. At year end it held assets of $3.0m against liabilities of $1.1m, net assets of $2.0m. It reported 7 employees.