Friends of the Hormel Nature Center

Analysis

Friends of the Hormel Nature Center is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Hormel Nature Center reported income of $112k and spending of $210k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $277k to $112k (-60%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 114% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Hormel Nature Center sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Freedom Farm Azul ($112k), Save Our Bosque Task Force ($112k) and Rose Garden Restoration Committee ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 0.7% of the total. At year end it held assets of $925k against liabilities of $0, net assets of $925k.

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.