Lake Placid North Elba Historical Society

Analysis

Lake Placid North Elba Historical Society is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in August 1986, 40 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 Placid North Elba Historical Society reported income of $169k and spending of $107k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $169k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 87% 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 Placid North Elba Historical Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Clowns Without Borders Inc ($169k), Beatrix Farrand Society ($169k) and Aristides de Sousa Mendes Foundation-Us ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 2.8% of the total. At year end it held assets of $252k against liabilities of $2,066, net assets of $250k.