Hippodrome Arts Centre

Analysis

Hippodrome Arts Centre is a registered charity in United States, based in Julesburg, CO. It received its IRS tax-exemption ruling in April 1998, 28 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, Hippodrome Arts Centre reported income of $141k and spending of $126k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $141k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hippodrome Arts Centre sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Art Works for All Inc ($141k), L I Science and Engineering Fair Inc ($141k) and East Hall Viking Band Parent Association ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $860 (0.7% of expenses). Other salaries and wages came to $20k. At year end it held assets of $1.3m against liabilities of $1,612, net assets of $1.3m. It reported 3 employees.