Hammond Cultural Foundation Inc

Analysis

Hammond Cultural Foundation Inc is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in January 1983, 43 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, Hammond Cultural Foundation Inc reported income of $177k and spending of $144k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $152k to $177k (+16%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hammond Cultural Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Virginia Trust for Historic Preservation ($177k), Oxford Film Festival ($177k) and Gotham Performing Arts Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $45k (31% of expenses). Other salaries and wages came to $45k. At year end it held assets of $142k against liabilities of $7,479, net assets of $135k. It reported 10 employees.