Hambidge Center for Creative Arts & Sciences Inc

Analysis

Hambidge Center for Creative Arts & Sciences Inc is a registered charity in United States, based in Rabun Gap, GA. It received its IRS tax-exemption ruling in March 1945, 81 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 2022, Hambidge Center for Creative Arts & Sciences Inc reported income of $2.1m and spending of $991k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $2.1m (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hambidge Center for Creative Arts & Sciences Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include The International Association of Blacks in Dance Inc ($2.1m), Map Fund Inc ($2.1m) and As 220 ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% and program service revenue 6.9% of the total. Other salaries and wages came to $531k. At year end it held assets of $6.4m against liabilities of $17k, net assets of $6.3m. It reported 15 employees.