Chemung County Property Development Corporation

Analysis

Chemung County Property Development Corporation is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Chemung County Property Development Corporation reported income of $261k and spending of $658k, spending 252% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $860k to $261k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Chemung County Property Development Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Oklahoma Energy Education Foundation ($261k), Live Green Connecticut Inc ($261k) and Rep Environmental Education Foundation ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $167k against liabilities of $95k, net assets of $72k.