Hatch Inc

Analysis

Hatch Inc is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hatch Inc reported income of $706k and spending of $553k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $406k to $706k (+74%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hatch Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include Historic Tennessee Theatre Endowment Fund ($706k), Annie B Jones Civic Arts Center ($706k) and Japanese Are Society of America Inc ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Other salaries and wages came to $262k. At year end it held assets of $355k against liabilities of $169k, net assets of $186k. It reported 8 employees.