Cornell Hotel Society Inc

Analysis

Cornell Hotel Society Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cornell Hotel Society Inc reported income of $125k and spending of $188k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $125k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornell Hotel Society Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Desoto Central High School Band Boosters ($125k), Hartland Band Boosters Inc ($125k) and Little Hands Montessori Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.2m against liabilities of $129k, net assets of $1.1m.