Friends of the Cornell Lab of Ornithology Inc

Analysis

Friends of the Cornell Lab of Ornithology Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in November 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Cornell Lab of Ornithology Inc reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $2.2m (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Cornell Lab of Ornithology Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include The Gibbs Foundation Inc ($2.2m), First Community Foundation Inc ($2.2m) and Blowing Rock Charity Horse Show Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $111.6m against liabilities of $0, net assets of $111.6m.