Arts & Education at the Hoyt

Analysis

Arts & Education at the Hoyt is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in December 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 June 2023, Arts & Education at the Hoyt reported income of $218k and spending of $200k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $241k to $218k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts & Education at the Hoyt sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Lincoln Museum Inc ($218k), Make Music Nola ($218k) and Lone Star Film Society ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. At year end it held assets of $468k against liabilities of $26k, net assets of $442k.