Leahy Center for Lake Champlain Inc

Analysis

Leahy Center for Lake Champlain Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Leahy Center for Lake Champlain Inc reported income of $4.8m and spending of $5.3m, spending 112% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $5.1m to $4.8m (-7.2%), an average of -1.8% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leahy Center for Lake Champlain Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include The Book Arts Press Inc ($4.8m), Iyrs School of Technology & Trades ($4.8m) and Contemporary Arts Center ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 44% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $167k (3.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $21.5m against liabilities of $676k, net assets of $20.8m. It reported 100 employees.