Community Improvement
(S21Z)
IRS Verified
DX Registered
990 on File
WATKINS GLEN PROMOTIONS INC
Financial strength (30%)
85/100
Reliability (20%)
55/100
Effectiveness (25%)
80/100
Impact (25%)
80/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Watkins Glen Promotions, Inc. is a dynamic 501(c)(3) non-profit organization led by a dedicated board of volunteers committed to fostering community vitality through the curation and management of exceptional special events in Schuyler County. Our organization is on a mission to breathe life into our community, celebrating its natural allure, sparking creativity, and fostering unity. We don’t just organize events; we create experiences that drive tourism, energize the economy, and elevate the quality of life for every resident.
Financial Overview — FY 2023
$246K
Total Revenue
$224K
Total Expenses
$140K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
66.9%
Fundraising Efficiency
N/A
Operating Reserve
7.52x
Liability-to-Asset
22.7%
Revenue Diversification
65.2%
Executive Compensation
$52K
Compared with Peers
FY 2023
Compared with 5,777 similar organizations
(United States, Community Improvement, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
66.9% | 84.1% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
33.2% | 12.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.5 mo | 11.1 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
22.7% | 3.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
65.2% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
24.7% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
21.6% | 13.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.8% | 2.7% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| If our events were ticketed, this is the estimated revenue we would take in for services rendered. | 30,000 | $50.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $246K | $224K | $140K | 66.9% | 4 |
| 2022 | $197K | $185K | $119K | 68.9% | 3 |
| 2021 | $185K | $152K | N/A | — | 4 |
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