Adirondack Historical Association

Analysis

Adirondack Historical Association is a registered charity in United States, based in Blue MTN Lake, NY. It received its IRS tax-exemption ruling in October 1992, 34 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 Historical Association reported income of $6.1m and spending of $6.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 85% 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 Historical Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Association for the Preservation of Virginia Antiquities ($6.1m), Culturesource ($6.1m) and Oklahoma Philharmonic Society Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $273k (4.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $84.1m against liabilities of $2.8m, net assets of $81.3m. It reported 108 employees.