Lower Adirondack Regional Arts Council Inc

Analysis

Lower Adirondack Regional Arts Council Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lower Adirondack Regional Arts Council Inc reported income of $330k and spending of $371k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $309k to $330k (+6.9%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lower Adirondack Regional Arts Council Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Prospect Theater Project ($330k), Equinox Theatre Company ($330k) and Scoundrel and Scamp Theatre Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 20% of the total. Other salaries and wages came to $111k. At year end it held assets of $196k against liabilities of $38k, net assets of $158k. It reported 4 employees.