Hardacre Theater Preservation Association

Analysis

Hardacre Theater Preservation Association is a registered charity in United States, based in Tipton, IA. It received its IRS tax-exemption ruling in October 2013, 13 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, Hardacre Theater Preservation Association reported income of $336k and spending of $24k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $53k to $336k (+535%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 462%. Over the whole period it spent 8.5% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hardacre Theater Preservation Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Food Alliance ($335k), North Country Chamber Players Inc ($336k) and Negro League Baseball Legends Hall of Fame Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $945k against liabilities of $122k, net assets of $822k.