Adirondack Historical Association
Adirondack Historical Association maintains substantial assets despite recent operating deficits and reports no officer compensation.
EIN: 135635801 · Blue Mtn Lake, NY · NTEE: A800 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.4M |
| Total Expenses | $6.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $81.3M |
| Transparency Score | 85/100 |
Is Adirondack Historical Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adirondack Historical Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adirondack Historical Association
Adirondack Historical Association (EIN: 135635801) is a nonprofit organization based in Blue Mtn Lake, NY, classified under NTEE code A800. The organization reported total revenue of $14.4M and total assets of $89.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Historical Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adirondack Historical Association is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-392,324 |
| Total Assets | $84.1M |
| Total Liabilities | $2.8M |
| Net Assets | $81.3M |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 155.2 months |
Financial Health Grade: B
In 2023, Adirondack Historical Association reported a deficit of $392K with expenses exceeding revenue, holds 155.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Adirondack Historical Association's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +11.8% | +9.1% |
| 2022 | -36.5% | +14.6% | -9.9% |
| 2021 | +23.7% | +17.5% | +13.4% |
| 2020 | +25.4% | -20.3% | +7.6% |
| 2019 | +0.5% | -0.9% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adirondack Historical Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Adirondack Historical Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $392K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no portion of its revenue or expenses is allocated to executive salaries. This suggests a strong dedication to its mission and efficient use of funds, especially for an organization with assets nearing $90 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adirondack Historical Association's IRS 990 filings:
- Operating deficit in 2023 ($6,502,269 expenses vs. $6,109,945 revenue)
- Revenue fluctuations year-over-year, making future income less predictable
Strengths
The following positive indicators were identified for Adirondack Historical Association:
- Substantial and growing asset base ($89,110,773 latest assets)
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship
- Low liabilities relative to assets, demonstrating strong solvency
- Long history of IRS 990 filings (13 filings), suggesting transparency and established operations
Frequently Asked Questions about Adirondack Historical Association
Is Adirondack Historical Association a legitimate charity?
Adirondack Historical Association (EIN: 135635801) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Adirondack Historical Association spend its money?
Adirondack Historical Association directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Adirondack Historical Association tax-deductible?
Adirondack Historical Association is registered as a tax-exempt nonprofit (EIN: 135635801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Adirondack Historical Association CEO make?
Adirondack Historical Association's highest-compensated officer earns $90 annually. The organization reported $14.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Adirondack Historical Association's spending goes to programs?
Adirondack Historical Association directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Adirondack Historical Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Adirondack Historical Association is above average for NTEE category A800 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Adirondack Historical Association located?
Adirondack Historical Association is headquartered in Blue Mtn Lake, New York and files with the IRS under EIN 135635801. It is classified under NTEE code A800.
How many years of IRS 990 filings does Adirondack Historical Association have?
Adirondack Historical Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.4M in total revenue.
Is Adirondack Historical Association a good charity?
Based on the available data, the Adirondack Historical Association appears to be a good charity. It has substantial assets ($89,110,773), a history of asset growth, and consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds. While there was an operating deficit in 2023, this is not uncommon for nonprofits and its overall financial health remains robust.
How has the organization's financial health changed over time?
The organization has shown consistent asset growth, from $59,282,948 in 2015 to $89,110,773 currently. Revenue has fluctuated, with peaks in 2017 ($8,527,013) and 2021 ($8,305,125), and a recent dip in 2023 ($6,109,945) leading to an operating deficit. Despite these fluctuations, the overall trend indicates a financially stable and growing organization.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means no funds are being used for executive salaries. This suggests that the organization's leadership may be volunteer-based or compensated through other means not reported as officer compensation, allowing a greater proportion of funds to be directed towards programs and operations. It is a strong indicator of financial transparency and dedication to the mission.
Filing History
IRS 990 filing history for Adirondack Historical Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adirondack Historical Association's revenue has declined by 21%, moving from $7.7M to $6.1M. Total assets increased by 50% over the same period, from $56.1M to $84.1M. Total functional expenses rose by 44.3%, from $4.5M to $6.5M. In its most recent filing year (2023), Adirondack Historical Association reported a deficit of $392K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $84.1M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $81.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $6.5M | $84.1M | $2.8M | — | — |
| 2022 | $5.3M | $5.8M | $77.0M | $1.9M | — | View 990 |
| 2021 | $8.3M | $5.1M | $85.5M | $1.2M | — | View 990 |
| 2020 | $6.7M | $4.3M | $75.4M | $2.8M | — | View 990 |
| 2019 | $5.4M | $5.4M | $70.0M | $2.5M | — | View 990 |
| 2018 | $5.3M | $5.5M | $66.2M | $5.9M | — | View 990 |
| 2017 | $8.5M | $5.7M | $70.7M | $6.6M | — | — |
| 2016 | $5.5M | $4.5M | $61.9M | $4.1M | — | View 990 |
| 2015 | $1.7M | $5.0M | $59.3M | $3.6M | — | View 990 |
| 2014 | $6.3M | $4.7M | $61.1M | $3.9M | — | View 990 |
| 2013 | $7.1M | $4.2M | $62.3M | $4.1M | — | View 990 |
| 2012 | $4.4M | $4.3M | $59.5M | $4.6M | — | View 990 |
| 2011 | $7.7M | $4.5M | $56.1M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $6.5M, and assets of $84.1M (revenue +15.8% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.8M, and assets of $77.0M (revenue -36.5% year-over-year).
- 2021: Revenue of $8.3M, expenses of $5.1M, and assets of $85.5M (revenue +23.7% year-over-year).
- 2020: Revenue of $6.7M, expenses of $4.3M, and assets of $75.4M (revenue +25.4% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.4M, and assets of $70.0M (revenue +0.5% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.5M, and assets of $66.2M (revenue -37.5% year-over-year).
- 2017: Revenue of $8.5M, expenses of $5.7M, and assets of $70.7M (revenue +54.1% year-over-year).
- 2016: Revenue of $5.5M, expenses of $4.5M, and assets of $61.9M (revenue +229.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $5.0M, and assets of $59.3M (revenue -73.1% year-over-year).
- 2014: Revenue of $6.3M, expenses of $4.7M, and assets of $61.1M (revenue -12.0% year-over-year).
- 2013: Revenue of $7.1M, expenses of $4.2M, and assets of $62.3M (revenue +63.3% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.3M, and assets of $59.5M (revenue -43.7% year-over-year).
- 2011: Revenue of $7.7M, expenses of $4.5M, and assets of $56.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adirondack Historical Association:
Data Sources and Methodology
This transparency report for Adirondack Historical Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.