Seagle Music Colony Inc

Analysis

Seagle Music Colony Inc is a registered charity in United States, based in Schroon Lake, NY. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Seagle Music Colony Inc reported income of $1.2m and spending of $961k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seagle Music Colony Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Universal Education Foundation Offort Wayne Inc ($1.2m), Vital Immigrant Defense Advocacy & Services ($1.2m) and Colorado Alliance of Research Libraries ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 16% of the total. Other salaries and wages came to $405k. At year end it held assets of $3.8m against liabilities of $259k, net assets of $3.6m. It reported 31 employees.