Long Island Traditions Inc

Analysis

Long Island Traditions Inc is a registered charity in United States, based in Port Washington, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Long Island Traditions Inc reported income of $205k and spending of $213k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $205k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Island Traditions Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include National Glass Association Foundation ($205k), Klee Ministry ($205k) and Westside Early Education ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $37k (17% of expenses). Other salaries and wages came to $32k. At year end it held assets of $38k against liabilities of $7,147, net assets of $31k. It reported 3 employees.