Arts Hub

Analysis

Arts Hub is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in October 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 June 2022, Arts Hub reported income of $474k and spending of $492k, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $502k to $474k (-5.7%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Hub sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Wise Fool New Mexico ($474k), Florida Vocal Association Incorporated ($474k) and Allied Arts Council of St Joseph Mo ($473k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $46k (9.3% of expenses). Other salaries and wages came to $87k. At year end it held assets of $3.0m against liabilities of $2.7m, net assets of $266k. It reported 7 employees.