Lake George Music Festival

Analysis

Lake George Music Festival is a registered charity in United States, based in Queensbury, NY. It received its IRS tax-exemption ruling in August 2012, 14 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, Lake George Music Festival reported income of $186k and spending of $199k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $186k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake George Music Festival 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 Autumn House Press ($186k), National Society of Colonial Dames of America in the State of LA ($186k) and John Brown Lives Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.