The Andover Community Hub

Analysis

The Andover Community Hub is a registered charity in United States, based in Andover, NH. It received its IRS tax-exemption ruling in July 2016, 10 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 Andover Community Hub reported income of $116k and spending of $61k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $116k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 86% 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 Andover Community Hub sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within NH. Charities of a similar size with the same main cause include Triad Social Group Inc ($116k), Surfrider Spirit Sessions ($116k) and Arrowhead Arts Association ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 13% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.