Huntingburg Event & Community Center Inc

Analysis

Huntingburg Event & Community Center Inc is a registered charity in United States, based in Huntingburg, IN. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Huntingburg Event & Community Center Inc reported income of $170k and spending of $249k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $170k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 147% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huntingburg Event & Community Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Main Street Laurens USA Inc ($170k), Gertrude Wood Community Foundation ($170k) and Columbia Community Foundation ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $54k (22% of expenses). Other salaries and wages came to $6,834. At year end it held assets of $3.1m against liabilities of $42k, net assets of $3.0m. It reported 14 employees.

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.