CSPS Hall Inc

Analysis

CSPS Hall Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2023, CSPS Hall Inc reported income of $350k and spending of $580k, spending 166% of what it took in. Across the 4 years on record, from June 2017 to June 2023, income fell from $365k to $350k (-4.1%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 208% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CSPS Hall 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 67th percentile within IA. Charities of a similar size with the same main cause include 1941 Historical Aircraft Group Inc ($350k), Commonwealth Center for Advanced Logistics Systems ($350k) and Panama City Symphony Inc ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $56k (9.6% of expenses). Other salaries and wages came to $43k. At year end it held assets of $3.8m against liabilities of $46k, net assets of $3.8m. It reported 7 employees.

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.