Chemung Schuyler Steuben Workforce Development Inc

Analysis

Chemung Schuyler Steuben Workforce Development Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 June 2023, Chemung Schuyler Steuben Workforce Development Inc reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chemung Schuyler Steuben Workforce Development Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include YMCA Indiana County Pennsylvania ($2.1m), Olney Friends School Inc ($2.1m) and Okefenokee Swamp Park Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (5.3% of expenses). Other salaries and wages came to $774k. At year end it held assets of $312k against liabilities of $360k, net assets of -$48k. It reported 46 employees.