Skaneateles Lake Association Inc

Analysis

Skaneateles Lake Association Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skaneateles Lake Association Inc reported income of $487k and spending of $623k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $623k to $487k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skaneateles Lake Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Williamson County Rescue Squad ($487k), Pennsbury Society ($488k) and Charlie Tippmann Foundation Charitable TR ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $72k. At year end it held assets of $796k against liabilities of $0, net assets of $796k. It reported 27 employees.