Upper Saranac Lake Foundation Inc

Analysis

Upper Saranac Lake Foundation Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Upper Saranac Lake Foundation Inc reported income of $1.3m and spending of $367k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $1.3m (+203%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upper Saranac Lake Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Gets Theological Seminary ($1.3m), Universal School ($1.3m) and Urban Ed Academy ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.1% of the total. Other salaries and wages came to $181k. At year end it held assets of $3.6m against liabilities of $2,960, net assets of $3.6m. It reported 5 employees.