Hopkinton Center for the Arts

Analysis

Hopkinton Center for the Arts is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in August 2011, 15 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, Hopkinton Center for the Arts reported income of $1.9m and spending of $2.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $1.9m (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hopkinton Center for the Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Cihuapactli Collective ($1.9m), Interact Inc ($1.9m) and Mission Cultural Center for Latino Arts ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $72k (3.5% of expenses). Other salaries and wages came to $527k. At year end it held assets of $2.7m against liabilities of $1.0m, net assets of $1.7m. It reported 17 employees.