Hancock Center for Creative Arts Therapies Inc

Analysis

Hancock Center for Creative Arts Therapies Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1985, 41 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 December 2023, Hancock Center for Creative Arts Therapies Inc reported income of $342k and spending of $410k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $347k to $342k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hancock Center for Creative Arts Therapies Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Push Dance Company ($342k), True Skool Inc ($342k) and Orchestrating Dreams Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $113k (28% of expenses). Other salaries and wages came to $108k. At year end it held assets of $395k against liabilities of $34k, net assets of $361k. It reported 7 employees.