Cayuga County Convention and Visitors Bureau Inc

Analysis

Cayuga County Convention and Visitors Bureau Inc is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in March 2003, 23 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, Cayuga County Convention and Visitors Bureau Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $1.2m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cayuga County Convention and Visitors Bureau Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Thrill Mill Inc ($1.2m), The Blessing Projects ($1.2m) and Garfield Park Community Council ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $55k (4.1% of expenses). Other salaries and wages came to $194k. At year end it held assets of $909k against liabilities of $50k, net assets of $858k. It reported 6 employees.