Adirondack Lakes Center For The Arts
Adirondack Lakes Center For The Arts maintains consistent operations with no reported officer compensation.
EIN: 141501361 · Blue Mtn Lake, NY · NTEE: A200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $544K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $536,190 |
| Net Assets | $94K |
| Transparency Score | 75/100 |
Is Adirondack Lakes Center For The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adirondack Lakes Center For The Arts directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adirondack Lakes Center For The Arts
Adirondack Lakes Center For The Arts (EIN: 141501361) is a nonprofit organization based in Blue Mtn Lake, NY, classified under NTEE code A200. The organization reported total revenue of $2.2M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Lakes Center For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adirondack Lakes Center For The Arts is a mid-size nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $536K |
| Total Expenses | $544K |
| Surplus / Deficit | $-7,824 |
| Total Assets | $98K |
| Total Liabilities | $4K |
| Net Assets | $94K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2023, Adirondack Lakes Center For The Arts reported a deficit of $8K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Adirondack Lakes Center For The Arts's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.7% | +39.6% | +4.3% |
| 2022 | +3.0% | +57.4% | -54.9% |
| 2021 | +0.7% | -40.2% | +483.6% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | -14.0% | +15.7% | -53.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
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 Lakes Center For The Arts with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Adirondack Lakes Center For The Arts allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a fully volunteer executive leadership or compensation levels below IRS reporting thresholds, which is a positive sign for minimizing overhead costs relative to the organization's size and revenue, which peaked at $536,190 in 2023.
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 Lakes Center For The Arts's IRS 990 filings:
- Limited financial reserves relative to annual expenses, with assets of $98,329 in 2023 against expenses of $544,014.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Adirondack Lakes Center For The Arts:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Long operational history with 14 filings, suggesting stability and established presence.
- Generally stable revenue and expense patterns over the past decade, demonstrating consistent activity.
Frequently Asked Questions about Adirondack Lakes Center For The Arts
Is Adirondack Lakes Center For The Arts a legitimate charity?
Adirondack Lakes Center For The Arts (EIN: 141501361) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Adirondack Lakes Center For The Arts spend its money?
Adirondack Lakes Center For The Arts directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adirondack Lakes Center For The Arts tax-deductible?
Adirondack Lakes Center For The Arts is registered as a tax-exempt nonprofit (EIN: 141501361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Adirondack Lakes Center For The Arts CEO make?
Adirondack Lakes Center For The Arts's highest-compensated officer earns $536,190 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Adirondack Lakes Center For The Arts's spending goes to programs?
Adirondack Lakes Center For The Arts directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Adirondack Lakes Center For The Arts compare to similar nonprofits?
With a transparency score of 75/100 (Good), Adirondack Lakes Center For The Arts is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Adirondack Lakes Center For The Arts located?
Adirondack Lakes Center For The Arts is headquartered in Blue Mtn Lake, New York and files with the IRS under EIN 141501361. It is classified under NTEE code A200.
How many years of IRS 990 filings does Adirondack Lakes Center For The Arts have?
Adirondack Lakes Center For The Arts has 14 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 $2.2M in total revenue.
Is Adirondack Lakes Center For The Arts a good charity?
Based on the available data, the organization appears to be a responsible steward of funds, particularly given the consistent 0% reported officer compensation. However, a definitive 'good' rating would benefit from more detailed functional expense breakdowns to assess program efficiency.
What is the trend in the organization's assets?
Assets have fluctuated, showing a peak of $208,888 in 2021, followed by a decline to $98,329 in 2023. This indicates variability in financial reserves, but the organization consistently holds assets.
How does the organization's revenue compare to its expenses?
For most periods, revenues and expenses are closely matched, with some years showing a slight surplus (e.g., 2021 revenue of $334,270 vs. expenses of $247,634) and others a slight deficit (e.g., 2023 revenue of $536,190 vs. expenses of $544,014). This suggests a lean operational model.
Filing History
IRS 990 filing history for Adirondack Lakes Center For The Arts showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Adirondack Lakes Center For The Arts's revenue has grown by 42.9%, moving from $375K to $536K. Total assets decreased by 68.3% over the same period, from $310K to $98K. Total functional expenses rose by 59.5%, from $341K to $544K. In its most recent filing year (2023), Adirondack Lakes Center For The Arts reported a deficit of $8K, with expenses exceeding revenue. The organization holds $4K in liabilities against $98K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $536K | $544K | $98K | $4K | — | — |
| 2022 | $344K | $390K | $94K | $38K | — | View 990 |
| 2021 | $334K | $248K | $209K | $107K | — | View 990 |
| 2020 | $332K | $414K | $36K | $56K | — | View 990 |
| 2019 | $332K | $414K | $36K | $56K | — | View 990 |
| 2018 | $386K | $358K | $77K | $14K | — | View 990 |
| 2017 | $353K | $340K | $47K | $13K | — | View 990 |
| 2016 | $316K | $309K | $31K | $10K | — | View 990 |
| 2015 | $255K | $307K | $33K | $19K | — | View 990 |
| 2014 | $367K | $345K | $85K | $19K | — | View 990 |
| 2013 | $419K | $483K | $57K | $13K | — | View 990 |
| 2012 | $287K | $358K | $117K | $9K | — | View 990 |
| 2011 | $300K | $427K | $183K | $5K | — | View 990 |
| 2010 | $375K | $341K | $310K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $536K, expenses of $544K, and assets of $98K (revenue +55.7% year-over-year).
- 2022: Revenue of $344K, expenses of $390K, and assets of $94K (revenue +3.0% year-over-year).
- 2021: Revenue of $334K, expenses of $248K, and assets of $209K (revenue +0.7% year-over-year).
- 2020: Revenue of $332K, expenses of $414K, and assets of $36K (revenue +0.0% year-over-year).
- 2019: Revenue of $332K, expenses of $414K, and assets of $36K (revenue -14.0% year-over-year).
- 2018: Revenue of $386K, expenses of $358K, and assets of $77K (revenue +9.1% year-over-year).
- 2017: Revenue of $353K, expenses of $340K, and assets of $47K (revenue +11.8% year-over-year).
- 2016: Revenue of $316K, expenses of $309K, and assets of $31K (revenue +24.1% year-over-year).
- 2015: Revenue of $255K, expenses of $307K, and assets of $33K (revenue -30.6% year-over-year).
- 2014: Revenue of $367K, expenses of $345K, and assets of $85K (revenue -12.4% year-over-year).
- 2013: Revenue of $419K, expenses of $483K, and assets of $57K (revenue +45.8% year-over-year).
- 2012: Revenue of $287K, expenses of $358K, and assets of $117K (revenue -4.2% year-over-year).
- 2011: Revenue of $300K, expenses of $427K, and assets of $183K (revenue -20.1% year-over-year).
- 2010: Revenue of $375K, expenses of $341K, and assets of $310K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adirondack Lakes Center For The Arts:
Data Sources and Methodology
This transparency report for Adirondack Lakes Center For The Arts 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.