Spring Hill Arts Gathering Inc

Analysis

Spring Hill Arts Gathering Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Spring Hill Arts Gathering Inc reported income of $604k and spending of $720k, spending 119% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income fell from $1.2m to $604k (-51%), an average of -30% a year. The sharpest change came in the year to April 2023, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spring Hill Arts Gathering Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Romare Bearden Foundation Inc ($604k), Star Struck Productions ($604k) and Music in the Vineyards Inc ($604k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 88% and program service revenue 6.9% of the total. Other salaries and wages came to $18k. At year end it held assets of $210k against liabilities of $10k, net assets of $200k. It reported 1 employees.