Hoodoo Art Foundation

Analysis

Hoodoo Art Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in January 2022, 4 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, Hoodoo Art Foundation reported income of $157k and spending of $145k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $157k (-6.9%), an average of -6.9% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoodoo Art Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include International Volleyball Hall of Fame Inc ($157k), Butler County Historical Society ($157k) and Golden Gate Park Band ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $48k against liabilities of $8, net assets of $48k.