Hyde Collection Trust Special Trust Fund

Analysis

Hyde Collection Trust Special Trust Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1983, 43 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Hyde Collection Trust Special Trust Fund reported income of $83k and spending of $231k, spending 280% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $113k to $83k (-27%), an average of -7.6% a year. The sharpest change came in the year to May 2021, when income rose by 233%. Over the whole period it spent 196% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hyde Collection Trust Special Trust Fund sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Makingmusica Inc ($83k), Vatan Uzbekistani Community Cultural Center ($83k) and The Rock Club-Music Is the Remedy ($83k).

Compensation of current officers, directors and key employees was $15k (6.7% of expenses). At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

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.