Hillsboro Festival of the Bells

Analysis

Hillsboro Festival of the Bells is a registered charity in United States, based in Hillsboro, OH. 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 (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, Hillsboro Festival of the Bells reported income of $58k and spending of $61k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $58k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income rose by 55385%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hillsboro Festival of the Bells sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within OH. Charities of a similar size with the same main cause include Austin Dance Ensemble ($58k), Bartlesville Community Concert Association ($58k) and Fort Collins Mural Project ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.