Hoffman Center

Analysis

Hoffman Center is a registered charity in United States, based in Manzanita, OR. It received its IRS tax-exemption ruling in January 2006, 20 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, Hoffman Center reported income of $409k and spending of $330k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $409k (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoffman Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Theatrikos Incorporated ($409k), Christmasville Rock Hill ($409k) and The Matthews Opera House and Arts Center ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $67k. It paid $5,227 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $491, net assets of $1.3m.