Central New York Technology Development Organization Inc

Central New York Technology Development Organization Inc shows stable assets but recent revenue decline and increased liabilities.

EIN: 161339956 · Liverpool, NY · Updated: 2026-03-28

$2.1MRevenue

$2.8MAssets

75/100Mission Score (Good)

Is Central New York Technology Development Organization Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Central New York Technology Development Organization Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Central New York Technology Development Organization Inc

Central New York Technology Development Organization Inc (EIN: 161339956) is a nonprofit organization based in Liverpool, NY. The organization reported total revenue of $2.1M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central New York Technology Development Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Central New York Technology Development Organization Inc (CNYTDO) demonstrates a generally stable financial position, with assets consistently exceeding liabilities across most recent periods. For instance, in 202310, assets were $3,045,745 against liabilities of $1,071,690. The organization's revenue has fluctuated significantly over the past decade, peaking at $4,266,461 in 201810 and showing a recent decline to $1,679,426 in 202310. Despite these fluctuations, expenses have largely tracked revenue, indicating a commitment to spending within its means, though the 202310 period saw expenses ($1,729,193) slightly exceed revenue ($1,679,426), resulting in a minor deficit. The consistent reporting of 0% officer compensation across all available filings suggests strong financial transparency regarding executive pay, or that compensation is structured in a way that falls outside the 'officer compensation' category on the 990, which warrants further investigation.

Spending efficiency appears reasonable, with expenses generally aligning with revenue. The organization's mission, as implied by its name, likely involves technology development, which can have varying program-to-administrative cost ratios depending on the nature of the services provided. Without a detailed breakdown of program vs. administrative expenses from the filings, a precise efficiency assessment is challenging. However, the absence of reported officer compensation is a positive indicator for resource allocation, assuming other compensation categories are not excessively high. The significant increase in liabilities in 202310 to $1,071,690 from $74,961 in 202210 is a notable change that requires further scrutiny to understand its nature and impact on financial health.

Overall, CNYTDO appears to be a financially sound organization with a history of managing its resources effectively, despite revenue volatility. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency. The primary area for deeper analysis would be the detailed breakdown of expenses to ascertain program efficiency and the reason behind the recent surge in liabilities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Central New York Technology Development Organization Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Central New York Technology Development Organization Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either that no officers receive compensation or that compensation is categorized differently, which is a positive sign for resource allocation if true.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Central New York Technology Development Organization Inc's IRS 990 filings:

Significant increase in liabilities in 202310 ($1,071,690) compared to previous years ($74,961 in 202210).
Recent period (202310) shows expenses ($1,729,193) slightly exceeding revenue ($1,679,426), indicating a minor operating deficit.

Strengths

The following positive indicators were identified for Central New York Technology Development Organization Inc:

Consistent reporting of 0% officer compensation across all available filings, indicating potential efficiency in executive pay or strong volunteer leadership.
Assets consistently exceed liabilities in most periods, demonstrating financial stability.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Expenses generally track revenue, suggesting responsible financial management over time.

Frequently Asked Questions about Central New York Technology Development Organization Inc

Is Central New York Technology Development Organization Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Central New York Technology Development Organization Inc (EIN: 161339956) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does Central New York Technology Development Organization Inc spend its money?

Central New York Technology Development Organization Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Central New York Technology Development Organization Inc tax-deductible?

Central New York Technology Development Organization Inc is registered as a tax-exempt nonprofit (EIN: 161339956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What caused the significant increase in liabilities from $74,961 in 202210 to $1,071,690 in 202310?

The IRS 990 data does not provide specific details on the nature of these liabilities. Further investigation into the organization's financial statements would be needed to understand this change.

How does Central New York Technology Development Organization Inc allocate its expenses between program services, administrative costs, and fundraising?

The provided summary data does not break down expenses into these categories. A detailed review of the full IRS Form 990 would be necessary to determine the exact percentages.

Given the 0% officer compensation, how are the organization's key executives compensated, if at all?

The 0% officer compensation reported on the summary suggests either that officers are uncompensated or their compensation is reported under other categories (e.g., salaries for employees, independent contractors) on the full 990, which would require further review.

What is the reason for the substantial fluctuation in annual revenue, from a high of $4,266,461 in 201810 to a low of $1,411,064 in 202110?

The provided data does not specify the reasons for revenue fluctuations. This could be due to changes in grant funding, contract cycles, or economic conditions affecting their services.

Filing History

IRS 990 filing history for Central New York Technology Development Organization Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Central New York Technology Development Organization Inc's revenue has declined by 27.6%, moving from $2.3M to $1.7M. Total assets increased by 160.5% over the same period, from $1.2M to $3.0M. Total functional expenses fell by 23.4%, from $2.3M to $1.7M. In its most recent filing year (2023), Central New York Technology Development Organization Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.0M in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $2.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.7M	$1.7M	$3.0M	$1.1M	—	View 990
2022	$1.5M	$1.5M	$2.1M	$75K	—	—
2021	$1.4M	$1.4M	$2.1M	$101K	—	View 990
2020	$2.5M	$1.5M	$2.1M	$101K	—	—
2019	$3.4M	$3.7M	$1.3M	$251K	—	View 990
2018	$4.3M	$4.3M	$1.7M	$343K	—	View 990
2017	$3.5M	$3.4M	$1.6M	$283K	—	—
2016	$3.3M	$3.2M	$1.4M	$191K	—	View 990
2015	$3.1M	$3.1M	$1.3M	$202K	—	View 990
2014	$3.0M	$3.0M	$1.2M	$96K	—	View 990
2013	$2.5M	$2.5M	$1.2M	$123K	—	View 990
2012	$2.6M	$2.5M	$1.2M	$79K	—	View 990
2011	$2.3M	$2.3M	$1.2M	$125K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.7M, expenses of $1.7M, and assets of $3.0M (revenue +10.6% year-over-year).
2022: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M (revenue +7.6% year-over-year).
2021: Revenue of $1.4M, expenses of $1.4M, and assets of $2.1M (revenue -43.9% year-over-year).
2020: Revenue of $2.5M, expenses of $1.5M, and assets of $2.1M (revenue -25.5% year-over-year).
2019: Revenue of $3.4M, expenses of $3.7M, and assets of $1.3M (revenue -20.8% year-over-year).
2018: Revenue of $4.3M, expenses of $4.3M, and assets of $1.7M (revenue +21.5% year-over-year).
2017: Revenue of $3.5M, expenses of $3.4M, and assets of $1.6M (revenue +8.0% year-over-year).
2016: Revenue of $3.3M, expenses of $3.2M, and assets of $1.4M (revenue +5.5% year-over-year).
2015: Revenue of $3.1M, expenses of $3.1M, and assets of $1.3M (revenue +1.5% year-over-year).
2014: Revenue of $3.0M, expenses of $3.0M, and assets of $1.2M (revenue +20.5% year-over-year).
2013: Revenue of $2.5M, expenses of $2.5M, and assets of $1.2M (revenue -1.7% year-over-year).
2012: Revenue of $2.6M, expenses of $2.5M, and assets of $1.2M (revenue +10.4% year-over-year).
2011: Revenue of $2.3M, expenses of $2.3M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Central New York Technology Development Organization Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.