Hindman Settlement School Inc

Analysis

Hindman Settlement School Inc is a registered charity in United States, based in Hindman, KY. It received its IRS tax-exemption ruling in September 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hindman Settlement School Inc reported income of $2.9m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.9m (+94%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 196%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hindman Settlement School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Baptist Theological Union Located at Chicago ($2.9m), Minnesota Discovery Center ($2.9m) and Americans for Fair Treatment Inc ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $110k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.2m against liabilities of $278k, net assets of $13.9m. It reported 97 employees.