Corporation of Yaddo

Analysis

Corporation of Yaddo is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in October 1979, 47 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, Corporation of Yaddo reported income of $3.2m and spending of $4.8m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corporation of Yaddo sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Hunter Museum of Art ($3.2m), Rivercenter Inc ($3.2m) and Fairfield Theatre Company Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $728k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $53.3m against liabilities of $541k, net assets of $52.8m. It reported 41 employees.