The Hyde Collection Trust

Analysis

The Hyde Collection Trust is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in June 1955, 71 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 December 2023, The Hyde Collection Trust reported income of $2.3m and spending of $2.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.3m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Hyde Collection Trust sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Care 2 Communities Inc ($2.3m), World Aquaculture Society Inc ($2.3m) and Casey Cares Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $179k (7.0% of expenses). Other salaries and wages came to $711k. At year end it held assets of $13.8m against liabilities of $92k, net assets of $13.8m. It reported 27 employees.