Warwick Valley Local Development Corporation

Analysis

Warwick Valley Local Development Corporation is a registered charity in United States, based in Warwick, NY. It received its IRS tax-exemption ruling in March 2013, 13 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 December 2023, Warwick Valley Local Development Corporation reported income of $56k and spending of $483k, spending 865% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $183k to $56k (-69%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 623%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warwick Valley Local Development Corporation sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Contra Costa Winegrowers Association ($56k), The Tri ($56k) and Rotary Club of Parker Foundation ($56k).

At year end it held assets of $605k against liabilities of $77k, net assets of $529k.