Hemlock Lake Union Agricultural Society

Analysis

Hemlock Lake Union Agricultural Society is a registered charity in United States, based in Hemlock, NY. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 November 2023, Hemlock Lake Union Agricultural Society reported income of $651k and spending of $572k, spending 88% of its income. Across the 4 years on record, from November 2019 to November 2023, income grew from $342k to $651k (+90%), an average of +24% a year. The sharpest change came in the year to November 2022, when income rose by 674%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hemlock Lake Union Agricultural Society sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ride 2 Recovery ($651k), Lake Washington Rowing Club ($651k) and Disabled Outdoorsmen USA Inc ($650k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1,250 (0.2% of expenses). At year end it held assets of $863k against liabilities of $0, net assets of $863k.