Adirondack-1000 Islands Sports & Events Commission Inc

Analysis

Adirondack-1000 Islands Sports & Events Commission Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 March 2023, Adirondack-1000 Islands Sports & Events Commission Inc reported income of $63.5m and spending of $57.8m, spending 91% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $946k to $63.5m (+6610%), an average of +186% a year. The sharpest change came in the year to March 2023, when income rose by 1081%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adirondack-1000 Islands Sports & Events Commission Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Rady Childrens Health Services San Diego ($63.4m), St Francis Hospital of the Hospital Sisters of the Third Order of St F ($63.6m) and North Country Healthcare Inc ($63.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $147k (0.3% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $17.5m against liabilities of $11.5m, net assets of $6.0m. It reported 162 employees.