Adirondack Theatre Festival Inc

Analysis

Adirondack Theatre Festival Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in March 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 December 2023, Adirondack Theatre Festival Inc reported income of $478k and spending of $638k, spending 133% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $791k to $478k (-40%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adirondack Theatre Festival Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Alaska Inaugural Committee Inc ($478k), Center for Violence Prevention Research Inc ($478k) and Centre County Historical Society ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Other salaries and wages came to $107k. At year end it held assets of $228k against liabilities of $11k, net assets of $217k. It reported 48 employees.