Onondaga Civic Development Corporation

Analysis

Onondaga Civic Development Corporation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 2011, 15 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, Onondaga Civic Development Corporation reported income of $78k and spending of $132k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $757k to $78k (-90%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Onondaga Civic Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Downtown Painesville Organization ($78k), Kiwanis Club of Milpitas Foundation ($78k) and Kern County Sheriffs Mounted Posse ($78k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 7.0% of the total. At year end it held assets of $1.4m against liabilities of $98k, net assets of $1.3m.