Hoogland Center for the Arts Inc

Analysis

Hoogland Center for the Arts Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in November 2001, 25 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, Hoogland Center for the Arts Inc reported income of $2.1m and spending of $1.4m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $971k to $2.1m (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoogland Center for the Arts Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Jewish Education in Media Inc Dba JBS Jewish Broadcasting Servic ($2.1m), Lahaina Restoration Foundation ($2.1m) and Washington County Historical Society Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $62k (4.5% of expenses). Other salaries and wages came to $280k. At year end it held assets of $7.5m against liabilities of $310k, net assets of $7.2m. It reported 34 employees.