Ausable Club Preservation Foundation

Analysis

Ausable Club Preservation Foundation is a registered charity in United States, based in Keene Valley, NY. It received its IRS tax-exemption ruling in December 2006, 20 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 October 2022, Ausable Club Preservation Foundation reported income of $447k and spending of $240k, leaving 46% of income unspent that year. Across the 4 years on record, from October 2019 to October 2022, income grew from $369k to $447k (+21%), an average of +6.6% a year. The sharpest change came in the year to October 2020, when income rose by 30%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ausable Club Preservation Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Historic Wilmington Foun Inc ($447k), Des Moines Heritage Center ($447k) and South Dakota News Watch ($446k).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.