Cornell Agriculture and Food Technology Park Corporation

Analysis

Cornell Agriculture and Food Technology Park Corporation is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Cornell Agriculture and Food Technology Park Corporation reported income of $551k and spending of $462k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $551k (+263%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 188% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornell Agriculture and Food Technology Park Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Santa Cruz Toddler Care Center ($551k), Georgia Korean-American Farmers Association Incorporated ($551k) and With My Own Two Hands Foundation ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $4.3m against liabilities of $332k, net assets of $3.9m.