New York · Nonprofit
BINGHAMTON LOCAL DEVELOPMENT CORPORATION
BINGHAMTON LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 2 organizations whose IRS filings report $101,042 to it, the largest being SECURITY MUTUAL LIFE FOUNDATION ($54,542). 2 of them have funded it in more than one year.
- Revenue FY2019
- $490k
- Funders on record
- 2
- Grants received
- $101k
- Net assets
- $3.8M
What Binghamton Local Development Corporation does
Mission
To further sustainable economic development in the city of binghamton by attracting new business, retaining and growing established business, building industrial and commercial capacity, promoting employment, and fostering entrepreneurship and innovation.
As stated on its FY2019 Form 990.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $3.8M to $4.2M (+10%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 76%. Grants only. Government contracts and fees sit inside program revenue.
77% of BINGHAMTON LOCAL DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (73% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $41k → $7k.
From the IRS filings of BINGHAMTON LOCAL DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BINGHAMTON LOCAL DEVELOPMENT CORPORATION leans on a few funders — its largest provides 54% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 85% · 2018 68% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of BINGHAMTON LOCAL DEVELOPMENT CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BINGHAMTON LOCAL DEVELOPMENT CORPORATION holds deeper cash reserves than three-quarters of the 1,088 unclassified nonprofits its size.
this organization peer median middle 50% of peers· 1,088 unclassified nonprofits $100k–$1M, FY2019
Organizations like BINGHAMTON LOCAL DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- City of Binghamton · exempt
Screen this organization
A dated, signed PDF of the compliance screen for BINGHAMTON LOCAL DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BINGHAMTON LOCAL DEVELOPMENT CORPORATION?
- BINGHAMTON LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 2 organizations whose IRS filings report $101,042 to it, the largest being SECURITY MUTUAL LIFE FOUNDATION ($54,542). 2 of them have funded it in more than one year.
- How many funders does BINGHAMTON LOCAL DEVELOPMENT CORPORATION have?
- IRS filings report 2 organizations giving $101,042 in grants to BINGHAMTON LOCAL DEVELOPMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of BINGHAMTON LOCAL DEVELOPMENT CORPORATION?
- SECURITY MUTUAL LIFE FOUNDATION is the largest funder on record, with $54,542 in grants. The full list of funders is on this page.
- How can an organization like BINGHAMTON LOCAL DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2019 (financials across 2018–2019), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing