Lake Placid Forum for the Arts and Humanities Inc

Analysis

Lake Placid Forum for the Arts and Humanities Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Placid Forum for the Arts and Humanities Inc reported income of $70k and spending of $70k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $70k (-2.7%), an average of -2.7% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Placid Forum for the Arts and Humanities Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Options for Living Inc ($70k), Virginia Association of Centers for Independent Living ($70k) and QRS Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 27% of the total. At year end it held assets of $107k against liabilities of $3,588, net assets of $103k.