Hamptons Community Outreach Inc

Analysis

Hamptons Community Outreach Inc is a registered charity in United States, based in Water Mill, NY. It received its IRS tax-exemption ruling in April 2019, 7 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, Hamptons Community Outreach Inc reported income of $2.5m and spending of $2.0m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $298k to $2.5m (+750%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hamptons Community Outreach Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Puerto Rican Arts Alliance ($2.5m), Sun Valley Performing Arts Center Inc ($2.5m) and Gallery North Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $222k. At year end it held assets of $875k against liabilities of $7,490, net assets of $868k. It reported 3 employees.