Hub-Arts and Cultural Center

Analysis

Hub-Arts and Cultural Center is a registered charity in United States, based in Rushville, IL. It received its IRS tax-exemption ruling in May 2016, 10 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, Hub-Arts and Cultural Center reported income of $161k and spending of $120k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $161k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. 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, Hub-Arts and Cultural Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Saratoga County History Center ($161k), Madison Bach Musicians Inc ($161k) and Tutterow Stars of Tomorrow Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.1% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.