Hasty Pudding Club the Institute of 1770

Analysis

Hasty Pudding Club the Institute of 1770 is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2023, Hasty Pudding Club the Institute of 1770 reported income of $1.6m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hasty Pudding Club the Institute of 1770 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 83rd percentile within MA. Charities of a similar size with the same main cause include Triple Aught Foundation ($1.6m), New Jersey Council for the Humanities Inc ($1.6m) and Algemeiner Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $237k. At year end it held assets of $3.9m against liabilities of $1.6m, net assets of $2.3m. It reported 3 employees.