Adirondack Lakes Center for the Arts

Analysis

Adirondack Lakes Center for the Arts is a registered charity in United States, based in Blue MTN Lake, NY. It received its IRS tax-exemption ruling in May 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adirondack Lakes Center for the Arts reported income of $536k and spending of $544k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $386k to $536k (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 105% 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 Lakes Center for the Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Fargo Moorhead Opera Company ($536k), Matthews Alive Inc ($537k) and Fourth Arts Block Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Other salaries and wages came to $167k. At year end it held assets of $98k against liabilities of $4,001, net assets of $94k. It reported 4 employees.