Hancock County Performing Arts Center

Analysis

Hancock County Performing Arts Center is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in April 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 June 2023, Hancock County Performing Arts Center reported income of $2.4m and spending of $2.8m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hancock County Performing Arts Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include McAllen International Museum ($2.4m), Hilton Head Symphony Orchestra Inc ($2.4m) and Cleveland Public Theatre Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $175k (6.3% of expenses). Other salaries and wages came to $449k. At year end it held assets of $15.1m against liabilities of $1.3m, net assets of $13.8m. It reported 88 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.