Cortland County Convention & Visitors Bureau Inc

Analysis

Cortland County Convention & Visitors Bureau Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, Cortland County Convention & Visitors Bureau Inc reported income of $681k and spending of $732k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $681k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cortland County Convention & Visitors Bureau Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include The Mid-South Technical Assistance and Development Pool ($681k), W L C Management Company Inc ($681k) and Arizona Career Pathways ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $65k (8.8% of expenses). Other salaries and wages came to $49k. At year end it held assets of $359k against liabilities of $152k, net assets of $207k. It reported 2 employees.