Lake George Arts Project Inc

Analysis

Lake George Arts Project Inc is a registered charity in United States, based in Lake George, NY. It received its IRS tax-exemption ruling in February 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, Lake George Arts Project Inc reported income of $266k and spending of $215k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $266k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake George Arts Project Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Theatre Nova ($266k), Dance Rage Inc ($266k) and Pennsylvania State Police Historical Educational & Memorial ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.6% of the total. Other salaries and wages came to $76k. At year end it held assets of $248k against liabilities of $722, net assets of $247k. It reported 2 employees.