Cayuga Economic Development Agency Inc

Analysis

Cayuga Economic Development Agency Inc is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in August 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cayuga Economic Development Agency Inc reported income of $589k and spending of $468k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $589k (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cayuga Economic Development Agency Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Lehigh Valley Inter-Regional Networking & Connecting ($589k), Stamford Rotary Trust Fund ($589k) and The 3rd Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $490k against liabilities of $5,385, net assets of $484k.