Friends of Hildene Inc

Analysis

Friends of Hildene Inc is a registered charity in United States, based in Manchester, VT. It received its IRS tax-exemption ruling in October 1976, 50 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, Friends of Hildene Inc reported income of $4.6m and spending of $3.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Hildene Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Michigan Theater Foundation Inc ($4.6m), Miami New Drama Inc ($4.6m) and The Callanwolde Foundation Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $19.0m against liabilities of $1.8m, net assets of $17.1m. It reported 93 employees.