Hungarian Community Club Inc

Analysis

Hungarian Community Club Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in January 2023, 3 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, Hungarian Community Club Inc reported income of $115k and spending of $93k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $115k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hungarian Community Club Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Bluseed Studios Inc ($115k), Kids Coop Theatre Inc ($115k) and William Harris Homestead Foundation Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.