Indian Lake Theater Inc

Analysis

Indian Lake Theater Inc is a registered charity in United States, based in Indian Lake, NY. It received its IRS tax-exemption ruling in August 2011, 15 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 (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, Indian Lake Theater Inc reported income of $188k and spending of $165k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $188k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. 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, Indian Lake Theater Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Phoenix Theatre Academy Inc ($188k), Chamber Choir of San Antonio ($188k) and Six Nations Iroquois Cultural Center Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 26% of the total. At year end it held assets of $233k against liabilities of $20k, net assets of $212k.