Caring Place of Hot Springs Inc

Analysis

Caring Place of Hot Springs Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in April 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 (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, Caring Place of Hot Springs Inc reported income of $281k and spending of $373k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $281k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income rose by 269%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Caring Place of Hot Springs Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within AR. Charities of a similar size with the same main cause include Stiefel Theatre Foundation Endowment Fund ($281k), Warehouse Theatre Group Warehouse Theatre Company ($281k) and Theatre of Youth Company Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. Other salaries and wages came to $205k. At year end it held assets of $941k against liabilities of $5,426, net assets of $935k. It reported 14 employees.