West Lake Art Conservation Center Inc

Analysis

West Lake Art Conservation Center Inc is a registered charity in United States, based in Owasco, NY. It received its IRS tax-exemption ruling in July 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Lake Art Conservation Center Inc reported income of $1.6m and spending of $192k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $1.6m (+904%), an average of +904% a year. The sharpest change came in the year to December 2023, when income rose by 904%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Lake Art Conservation Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Center for the Arts of Homer Inc ($1.6m), Bonita Wonder Gardens Inc ($1.6m) and Ataxia Telangiectasia Childrens Project Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Other salaries and wages came to $87k. At year end it held assets of $2.1m against liabilities of $582k, net assets of $1.5m. It reported 7 employees.