Hill-Stead Museum

Analysis

Hill-Stead Museum is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in June 1998, 28 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, Hill-Stead Museum reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hill-Stead Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include United Arts Council of Greater Greensboro Inc ($1.9m), Old Naval Hospital Foundation ($1.9m) and International Conference on Learning Representations ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $169k (9.2% of expenses). Other salaries and wages came to $557k. At year end it held assets of $10.3m against liabilities of $168k, net assets of $10.2m. It reported 37 employees.