Adirondack Explorer Inc

Analysis

Adirondack Explorer Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in July 1995, 31 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 February 2024, Adirondack Explorer Inc reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $1.2m to $1.5m (+25%), an average of +5.8% a year. The sharpest change came in the year to February 2022, when income rose by 42%. Over the whole period it spent 89% 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 Explorer Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Santa Cruz County Symphony Association ($1.5m), Amazement Square ($1.5m) and Columbus Childrens Theatre ($1.5m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $132k (8.3% of expenses). Other salaries and wages came to $640k. At year end it held assets of $2.2m against liabilities of $267k, net assets of $1.9m. It reported 12 employees.