Cortland Community Foundation

Analysis

Cortland Community Foundation is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation reported income of $528k and spending of $650k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $528k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cortland Community Foundation sits at the 74th percentile: it is larger than about 74% 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 Platte River Trails Trust ($527k), St Louis County Parks Foundation ($528k) and Diana Gregory Outreach Services ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $1.5m against liabilities of $275, net assets of $1.5m.