Hole in the Rock Foundation Inc

Analysis

Hole in the Rock Foundation Inc is a registered charity in United States, based in Bluff, UT. It received its IRS tax-exemption ruling in August 2006, 20 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, Hole in the Rock Foundation Inc reported income of $357k and spending of $259k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $357k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 78%. 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, Hole in the Rock Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within UT. Charities of a similar size with the same main cause include Little Theatre of Conroe Inc ($357k), Sing Sing Prison Museum ($357k) and Lacna Foundation ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $3.0m against liabilities of $628k, net assets of $2.4m.