The Hive Project

Analysis

The Hive Project is a registered charity in United States, based in Clinton, MI. It received its IRS tax-exemption ruling in August 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, The Hive Project reported income of $199k and spending of $200k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $255k to $199k (-22%), an average of -12% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Hive Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Puerto Ricans United Inc ($199k), Asian District Cultural Association ($199k) and Mississippi Museum of Natural Science Foundation ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $2.2m against liabilities of $2.1m, net assets of $84k.