Corn Hill Waterfront & Navigation Foundation

Analysis

Corn Hill Waterfront & Navigation Foundation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1993, 33 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 2023, Corn Hill Waterfront & Navigation Foundation reported income of $529k and spending of $689k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $529k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corn Hill Waterfront & Navigation Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Home Care Hospice & Palliative Care Alliance of New Hampshire ($529k), Associated Students of Claremont McKenna College Inc ($529k) and United Poultry Concerns Inc ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $271k. At year end it held assets of $781k against liabilities of $487k, net assets of $294k. It reported 45 employees.