Adirondack Carousel Inc

Analysis

Adirondack Carousel Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in July 2001, 25 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 October 2024, Adirondack Carousel Inc reported income of $113k and spending of $61k, leaving 46% of income unspent that year. Across the 6 years on record, from October 2019 to October 2024, income grew from $109k to $113k (+3.4%), an average of +0.7% a year. The sharpest change came in the year to October 2023, when income rose by 63%. Over the whole period it spent 136% 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 Carousel Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Lafayette Trail ($113k), Oregon Coast School of Art ($113k) and South Hudson Music Project ($113k).

On its Form 990-EZ for the period ending October 2024, revenue came from contributions and grants 27% and program service revenue 53% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.