Hope Box Performing Arts

Analysis

Hope Box Performing Arts is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Box Performing Arts reported income of $417k and spending of $529k, spending 127% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $118k to $417k (+253%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Box Performing Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Youth Music Monterey ($417k), Lake Country Playhouse ($417k) and African American Cultural Festival of Raleigh Wake County Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $18k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 1 employees.