Eldridge Park Carousel Preservation Socity Inc

Analysis

Eldridge Park Carousel Preservation Socity Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in November 2003, 23 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, Eldridge Park Carousel Preservation Socity Inc reported income of $411k and spending of $349k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $411k (+252%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eldridge Park Carousel Preservation Socity Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Coastal Jazz Association Inc ($411k), Wenham Historical Association & Museum Inc ($411k) and Gina Bachauer International Piano Foundation ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $20k (5.8% of expenses). Other salaries and wages came to $151k. At year end it held assets of $769k against liabilities of $426, net assets of $768k. It reported 55 employees.