Town Hall Foundation Inc

Analysis

Town Hall Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1973, 53 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 August 2023, Town Hall Foundation Inc reported income of $6.4m and spending of $6.6m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.7m to $6.4m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to August 2022, when income rose by 221%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Town Hall Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Jacob Burns Film Center Inc ($6.4m), Sound of Hope Radio Network Inc ($6.4m) and NTC Foundation ($6.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $283k (4.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $12.4m against liabilities of $4.5m, net assets of $8.0m. It reported 105 employees.