Kopernik Society of Broome County Inc

Analysis

Kopernik Society of Broome County Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kopernik Society of Broome County Inc reported income of $456k and spending of $362k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $861k to $456k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kopernik Society of Broome County Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Yeshivat Ner Yisroel Inc ($456k), Salvage Yard Inc ($456k) and Ben Hogan Foundation ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.7m against liabilities of $75k, net assets of $1.6m. It reported 16 employees.