Teatown Lake Reservation Inc

Analysis

Teatown Lake Reservation Inc is a registered charity in United States, based in Ossining, NY. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Teatown Lake Reservation Inc reported income of $6.5m and spending of $3.2m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $6.5m (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teatown Lake Reservation Inc sits at the 93rd percentile: it is larger than about 93% 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 Mary Queen of Angels Inc ($6.5m), Champaign County YMCA Dba Stephens Family YMCA ($6.5m) and David Horowitz Freedom Center ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $179k (5.5% of expenses). Other salaries and wages came to $1.3m. It paid $56k in professional fundraising fees. At year end it held assets of $28.6m against liabilities of $889k, net assets of $27.7m. It reported 85 employees.