Ontario County Four Seasons Local Development

Analysis

Ontario County Four Seasons Local Development is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Ontario County Four Seasons Local Development reported income of $1.3m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ontario County Four Seasons Local Development sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Massachusetts Communities Action Network Inc ($1.3m), Hamilton-Lauraville Main Street Inc ($1.3m) and Virginia Biotechnology Research Park ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $146k (10% of expenses). Other salaries and wages came to $369k. At year end it held assets of $1.7m against liabilities of $483k, net assets of $1.2m. It reported 12 employees.

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.