Silver Lake Institute Cor

Analysis

Silver Lake Institute Cor is a registered charity in United States, based in Silver Lake, NY. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Silver Lake Institute Cor reported income of $207k and spending of $281k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $207k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silver Lake Institute Cor sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Nrithya Sangeeth ($207k), Sutter Club Foundation ($207k) and Arts Live Theatre Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 73% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.0m against liabilities of $8,000, net assets of $2.0m. It reported 2 employees.