Hammonds House Galleries Inc

Analysis

Hammonds House Galleries Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 1989, 37 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, Hammonds House Galleries Inc reported income of $432k and spending of $476k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $432k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hammonds House Galleries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Circle X Theatre Co ($432k), The Scarab Club ($432k) and Creative Arts Center in Chatham Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $65k (14% of expenses). Other salaries and wages came to $59k. At year end it held assets of $604k against liabilities of $3,047, net assets of $601k. It reported 5 employees.