Cortland Downtown Partnership Inc

Analysis

Cortland Downtown Partnership Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Downtown Partnership Inc reported income of $82k and spending of $153k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $82k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income rose by 471%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cortland Downtown Partnership Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Harmonie Preservation Foundation Inc ($82k), East of the River Foreign Languages for Kids ($82k) and Eq Austin ($82k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $871k, net assets of $879k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.