Hutchinson Center for the Arts

Analysis

Hutchinson Center for the Arts is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in May 2009, 17 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, Hutchinson Center for the Arts reported income of $95k and spending of $119k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $95k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hutchinson Center for the Arts sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Vietnam Society ($95k), The Open Door Theater of Acton Inc ($95k) and Allen County Historical Society ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 6.8% of the total. At year end it held assets of $71k against liabilities of $1,299, net assets of $70k.