Schenectady County Tourism and Convention Bureau Inc

Analysis

Schenectady County Tourism and Convention Bureau Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in May 2018, 8 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, Schenectady County Tourism and Convention Bureau Inc reported income of $742k and spending of $670k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $742k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Schenectady County Tourism and Convention Bureau Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Maine Community Integration ($742k), Jaycees International Foundation Inc ($742k) and King Urban Life Center Inc ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $252k. At year end it held assets of $214k against liabilities of $2,934, net assets of $212k. It reported 3 employees.