Longhouse Reserve

Analysis

Longhouse Reserve is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Longhouse Reserve reported income of $1.4m and spending of $2.3m, spending 164% of what it took in. Across the 6 years on record, from November 2019 to December 2023, income fell from $1.9m to $1.4m (-28%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income rose by 2347%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longhouse Reserve sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Green Options Buffalo ($1.4m), Madina Academy Inc ($1.4m) and Florida Finishing Trades Institute of Iupat District Council 78 ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $277k (12% of expenses). Other salaries and wages came to $594k. It paid $54k in professional fundraising fees. At year end it held assets of $10.0m against liabilities of $306k, net assets of $9.6m. It reported 17 employees.