Peconic Landing at Southold Inc

Analysis

Peconic Landing at Southold Inc is a registered charity in United States, based in Greenport, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. 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, Peconic Landing at Southold Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peconic Landing at Southold 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 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include White Bear Lake Area Hockey Association ($2.1m), Lawyers Concerned for Lawyers Inc ($2.1m) and Girls Incorporated of Greater Santa Barbara ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.