Discover Cayuga Lake Inc

Analysis

Discover Cayuga Lake Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Discover Cayuga Lake Inc reported income of $448k and spending of $577k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $343k to $448k (+30%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Discover Cayuga Lake Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Habitheque Blue and Green Fund ($448k), Floranthropy ($448k) and Art Parts Creative Reuse Center ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $61k (11% of expenses). Other salaries and wages came to $220k. At year end it held assets of $200k against liabilities of $103k, net assets of $97k. It reported 23 employees.