Friends of the Hopkins Center for the Arts Inc

Analysis

Friends of the Hopkins Center for the Arts Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in April 1995, 31 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 (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 Hopkins Center for the Arts Inc reported income of $116k and spending of $114k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $116k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. 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, Friends of the Hopkins Center for the Arts Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Weathervane Music Organization ($116k), North Valley Symphony Orchestra Inc ($116k) and Urban Strings Columbus ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 17% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.