Shake on the Lake Inc

Analysis

Shake on the Lake Inc is a registered charity in United States, based in Silver Lake, NY. It received its IRS tax-exemption ruling in June 2016, 10 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, Shake on the Lake Inc reported income of $234k and spending of $188k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $227k to $234k (+3.5%), an average of +3.5% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shake on the Lake Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Thames Valley Music School ($234k), Natural Bridges Media ($234k) and Camp Five Museum Foundation Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $8,000 (4.2% of expenses). Other salaries and wages came to $65k. At year end it held assets of $98k against liabilities of $0, net assets of $98k. It reported 21 employees.