Amagansett Life-Saving and Coast Guard Station Society

Analysis

Amagansett Life-Saving and Coast Guard Station Society is a registered charity in United States, based in Amagansett, NY. It received its IRS tax-exemption ruling in November 2017, 9 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, Amagansett Life-Saving and Coast Guard Station Society reported income of $180k and spending of $46k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $180k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amagansett Life-Saving and Coast Guard Station Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Advance Gender Equity in the Arts ($180k), Black Box Theatre Company Inc ($180k) and New Dungeness Light Station Association ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $562k against liabilities of $505, net assets of $562k.