DEMOGRAPHIC
ADDRESS
35 EXCHANGE STREET
13901
COUNTY
broome county, NY
IN CARE OF NAME
DAVID K TANENHAUS
ORGANIZATIONAL OVERVIEW & RANKINGS
COMMUNITY POTENTIAL INC is a based in BINGHAMTON, NY, focused on Housing, Shelter causes , specifically Housing Development, Construction, Management. Established in September 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,644,709.00, this ranks 167,299 among 2,656,690 nonprofits nationally (Top 7%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 14,989 out of 159,053 organizations in NY (Top 10%).
In broome county, NY, the organization ranks 109 out of 1,578 nonprofits by assets (Top 7%), while locally in binghamton, it stands at 73 among 698 organizations (Top 11%).
The organization reported annual revenue of $42,362.00, ranking 514,373 nationally (Top 20%) and 36,016 in NY (Top 23%).
Within its specific NTEE classification (L20 - L: Housing, Shelter), which includes 6,518 similar organizations, COMMUNITY POTENTIAL INC ranks 1,255 in assets (Top 20%) and 2,532 in revenue (Top 39%).
Note: This organization's tax-exempt status was temporarily revoked on November 15, 2014 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L20: Housing Development, Construction, Management
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Saturday, November 15, 2014;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$42,362.00
FORM 990 REVENUE AMOUNT
$42,362.00
RULING DATE
09/2023
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,644,709.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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