Hot Springs Area Cultural Alliance

Analysis

Hot Springs Area Cultural Alliance is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Hot Springs Area Cultural Alliance reported income of $66k and spending of $83k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $66k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hot Springs Area Cultural Alliance sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AR. Charities of a similar size with the same main cause include Brainerd Lakes Chamber Foundation ($66k), Legatus of North Georgia ($66k) and Willows High School Boosters ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.