Worcester Hibernian Cultural Foundation Inc

Analysis

Worcester Hibernian Cultural Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 2015, 11 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, Worcester Hibernian Cultural Foundation Inc reported income of $160k and spending of $71k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $160k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Hibernian Cultural Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Descendants of the Signers of the Declaration of Independence Inc ($160k), Chinese Cultural Productions ($160k) and D-Day Ohio Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 21% of the total. At year end it held assets of $919k against liabilities of $469k, net assets of $450k.