West Kortright Centre Inc

Analysis

West Kortright Centre Inc is a registered charity in United States, based in East Meredith, NY. It received its IRS tax-exemption ruling in March 1977, 49 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, West Kortright Centre Inc reported income of $308k and spending of $319k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $308k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Kortright Centre Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Million Dollar Teacher Project ($308k), Entrepreneurial and Education Center Inc ($308k) and Western Pennsylvania Apprenticeship Training Trust Fund ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $71k. At year end it held assets of $311k against liabilities of $31k, net assets of $280k. It reported 4 employees.