Carousel Society of the Niagara Frontier

Analysis

Carousel Society of the Niagara Frontier is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Carousel Society of the Niagara Frontier reported income of $310k and spending of $369k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $310k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carousel Society of the Niagara Frontier sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include American Friends of Blerancourt Inc ($310k), Beheard World Inc ($311k) and Junction City Main Street Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.7m against liabilities of $336k, net assets of $1.4m. It reported 8 employees.