Adirondack Medical Center Foundation

Analysis

Adirondack Medical Center Foundation is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adirondack Medical Center Foundation reported income of $3.4m and spending of $783k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.4m (+195%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adirondack Medical Center Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Longmont Community Foundation ($3.4m), Center for Energy Workforcedevelopment ($3.4m) and Association for Enterprise Opportunity Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $157k (20% of expenses). Other salaries and wages came to $94k. At year end it held assets of $25.2m against liabilities of $23k, net assets of $25.2m. It reported 3 employees.