Startup Hutch Inc

Analysis

Startup Hutch Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Startup Hutch Inc reported income of $318k and spending of $255k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $247k to $318k (+29%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startup Hutch Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KS. Charities of a similar size with the same main cause include Downtown Camas Association ($318k), Rhinelander Community Foundation Inc ($318k) and Project Success Coalition ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $86k (34% of expenses). Other salaries and wages came to $78k. At year end it held assets of $484k against liabilities of $124, net assets of $484k.