Friends of Historical Hamtramck

Analysis

Friends of Historical Hamtramck is a registered charity in United States, based in Hamtramck, MI. It received its IRS tax-exemption ruling in January 2004, 22 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 Historical Hamtramck reported income of $64k and spending of $42k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $64k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 69% 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 Historical Hamtramck sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Astraios Inc ($64k), Fulton County Historical Society Inc ($64k) and Opera House Arts Council ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 10% of the total. At year end it held assets of $285k against liabilities of $276, net assets of $284k.