Hampton Friends of the Arts Inc

Analysis

Hampton Friends of the Arts Inc is a registered charity in United States, based in Hampton, SC. It received its IRS tax-exemption ruling in May 2021, 5 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 2022, Hampton Friends of the Arts Inc reported income of $166k and spending of $132k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $188k to $166k (-12%), an average of -12% a year. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hampton Friends of the Arts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Liberty Place Inc ($166k), Oregon Electric Railway Historical Society Inc ($166k) and Satellite Collective Inc ($166k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $397k against liabilities of $0, net assets of $397k.