Hutchinsons Historic Fox Theatre Inc

Analysis

Hutchinsons Historic Fox Theatre Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in March 1985, 41 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 May 2023, Hutchinsons Historic Fox Theatre Inc reported income of $913k and spending of $1.1m, spending 122% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $671k to $913k (+36%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 172%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hutchinsons Historic Fox Theatre Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KS. Charities of a similar size with the same main cause include Academy of Hellenic Paideia Inc ($913k), New Jersey Repertory Company a New Jersey Non-Profit Corporation ($913k) and Art of Ely Sium ($912k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $81k (7.3% of expenses). Other salaries and wages came to $134k. At year end it held assets of $2.0m against liabilities of $103k, net assets of $1.8m. It reported 12 employees.