Stan Hywet Hall & Gardens Inc

Analysis

Stan Hywet Hall & Gardens Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 1958, 68 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, Stan Hywet Hall & Gardens Inc reported income of $7.5m and spending of $5.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $7.5m (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stan Hywet Hall & Gardens Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Dance Theatre of Harlem Inc ($7.5m), Richmond Symphony ($7.5m) and LA Mama Experimental Theatre Club Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $320k (5.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $13.3m against liabilities of $1.6m, net assets of $11.7m. It reported 111 employees.