Greenwood Lake Gaelic Cultural Society Inc

Analysis

Greenwood Lake Gaelic Cultural Society Inc is a registered charity in United States, based in Greenwood LK, NY. It received its IRS tax-exemption ruling in January 1980, 46 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 December 2023, Greenwood Lake Gaelic Cultural Society Inc reported income of $187k and spending of $71k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $187k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwood Lake Gaelic Cultural Society Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Denver Museum of Miniatures Dolls & Toys ($187k), Music4life ($187k) and Yale University Dramatic Association Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 13% of the total. At year end it held assets of $1.6m against liabilities of $3,830, net assets of $1.6m.