Hatch - a Hamtramck Art Collective

Analysis

Hatch - a Hamtramck Art Collective is a registered charity in United States, based in Hamtramck, MI. It received its IRS tax-exemption ruling in June 2007, 19 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, Hatch - a Hamtramck Art Collective reported income of $69k and spending of $70k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $69k (-4.9%), an average of -4.9% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hatch - a Hamtramck Art Collective sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Bristol Friends of the Arts Inc ($69k), West Coast Songwriters Association ($69k) and Soberscove Press ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. At year end it held assets of $315k against liabilities of $17k, net assets of $298k.