P โ€” Human ServicesEIN: 851612680ยท Ruling Year: 2021

Downtown Ithaca Local Development Corporation

Ithaca, New York

A-Health Score
79A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$1.5M
Total Revenue
๐Ÿ“Š
$451K
Total Expenses
๐Ÿฆ
$3.7M
Net Assets
๐Ÿ“‹
$132K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-39.5%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+70.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
8.18
Net assets divided by total expenses
Liabilities-to-Assets
3.4%
Total liabilities as % of total assets

Filing History

3 filings on record
YearRevenueExpensesAssets
2023$1,525,291โ†“39%$451,256โ†‘201%$3,822,316โ†‘45%
2022$2,520,538โ†‘778%$150,145โ†‘43169%$2,645,002โ†‘822%
2021$287,164$347$286,817

Frequently Asked Questions

What does Downtown Ithaca Local Development Corporation do?โ–ผ

Downtown Ithaca Local Development Corporation is a human services nonprofit organization based in New York. It is classified under NTEE code P20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Downtown Ithaca Local Development Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Downtown Ithaca Local Development Corporation has a score of 79/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Downtown Ithaca Local Development Corporation generate?โ–ผ

Downtown Ithaca Local Development Corporation reports $3.4M in annual revenue and holds $25.8M in total assets, based on IRS filings.

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Downtown Ithaca Local Development Corporation โ€” Ithaca, NY | GiveScope