Arts on the Lake Inc

Analysis

Arts on the Lake Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in June 2007, 19 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 June 2023, Arts on the Lake Inc reported income of $99k and spending of $105k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $105k to $99k (-6.1%), an average of -6.1% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts on the Lake Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Maritime Society of Our Lady of Help of Sciacca Inc ($99k), Buffalo Chamber Players Inc ($99k) and Southeastern Massachusetts Festival Chorus Inc ($99k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 33% of the total. At year end it held assets of $41k against liabilities of $17k, net assets of $24k.