Hot Rhythm Foundation

Analysis

Hot Rhythm Foundation is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Hot Rhythm Foundation reported income of $131k and spending of $101k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $131k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hot Rhythm Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Pirchei Shoshanim Inc ($131k), Antique Caterpillar Machinery Owners Club ($131k) and Beautywell Project ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.