Horace Bushnell Memorial Hall Corporation

Analysis

Horace Bushnell Memorial Hall Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1934, 92 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Horace Bushnell Memorial Hall Corporation reported income of $26.1m and spending of $27.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.1m to $26.1m (-33%), an average of -9.7% a year. The sharpest change came in the year to June 2020, when income dropped by 61%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Horace Bushnell Memorial Hall Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Greater Columbus Arts Council Inc ($26.0m), Alley Theatre ($26.1m) and American Association for Laboratory Accreditation ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.3m (4.6% of expenses). Other salaries and wages came to $5.8m. It paid $189k in professional fundraising fees. At year end it held assets of $76.0m against liabilities of $13.2m, net assets of $62.7m. It reported 336 employees.