Cortland Acres Association Inc

Analysis

Cortland Acres Association Inc is a registered charity in United States, based in Thomas, WV. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cortland Acres Association Inc reported income of $14.4m and spending of $15.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $14.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cortland Acres Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include Houston Area Womens Center Inc ($14.4m), Missions United Inc ($14.4m) and Willows Cottages ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $615k (4.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $14.4m against liabilities of $6.4m, net assets of $8.1m. It reported 166 employees.