Hyde Park Art Association Inc

Analysis

Hyde Park Art Association Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in May 2009, 17 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, Hyde Park Art Association Inc reported income of $138k and spending of $113k, spending 82% of its income. Across the 4 years on record, from December 2016 to December 2023, income grew from $57k to $138k (+142%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hyde Park Art Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Hutchinson Community Video Network ($138k), Ballet Ariel Inc ($138k) and Griffin Ballet Theatre Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 34% of the total. At year end it held assets of $95k against liabilities of $1,464, net assets of $93k.