Lake George Land Conservancy Inc

Analysis

Lake George Land Conservancy Inc is a registered charity in United States, based in Bolton LNDG, NY. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Lake George Land Conservancy Inc reported income of $6.7m and spending of $1.1m, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $6.7m (+251%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 29% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake George Land Conservancy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include New York City Outward Bound Center Inc ($6.7m), Center for Coastal Studies Inc ($6.8m) and Institute for Applied Ecology ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $177k (16% of expenses). Other salaries and wages came to $366k. At year end it held assets of $35.6m against liabilities of $2.7m, net assets of $32.9m. It reported 9 employees.