Adirondack Community Foundation Inc

Analysis

Adirondack Community Foundation Inc is a registered charity in United States, based in Lake Placid, 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 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 June 2024, Adirondack Community Foundation Inc reported income of $14.3m and spending of $9.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.1m to $14.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 52% 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 Community Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Helena Devereux Foundation ($14.3m), Fanatics Charitable Foundation ($14.4m) and Embrace Living Development ($14.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $292k (3.1% of expenses). Other salaries and wages came to $734k. At year end it held assets of $101.8m against liabilities of $27.0m, net assets of $74.7m. It reported 15 employees.