Hoosier Salon Patrons Association

Analysis

Hoosier Salon Patrons Association is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1957, 69 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, Hoosier Salon Patrons Association reported income of $406k and spending of $314k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $406k (+8.9%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoosier Salon Patrons Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Ruskin Group Theatre Company ($406k), Creative City KC Inc ($406k) and Henderson Chamber of Commerce Foundation Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 29% of the total. Other salaries and wages came to $61k. At year end it held assets of $461k against liabilities of $6,996, net assets of $454k. It reported 2 employees.