Sagamore Institute of the Adirondacks Inc

Analysis

Sagamore Institute of the Adirondacks Inc is a registered charity in United States, based in Raquette Lake, NY. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover social science, 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, Sagamore Institute of the Adirondacks Inc reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sagamore Institute of the Adirondacks Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Ripm Consortium Ltd ($1.8m), Interform ($1.8m) and Workingfilms Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $98k (5.3% of expenses). Other salaries and wages came to $706k. At year end it held assets of $6.0m against liabilities of $235k, net assets of $5.8m. It reported 25 employees.