Lake Theatre Productions

Analysis

Lake Theatre Productions is a registered charity in United States, based in Lake George, NY. It received its IRS tax-exemption ruling in May 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, Lake Theatre Productions reported income of $386k and spending of $417k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $386k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 293%. 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, Lake Theatre Productions sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Houston Boychoir Inc ($386k), Albany Symphony Association Inc ($386k) and Ships of Exploration and Discovery Research ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $84k. At year end it held assets of $243k against liabilities of $95k, net assets of $148k. It reported 14 employees.