Hale Center Foundation for the Arts and Education

Analysis

Hale Center Foundation for the Arts and Education is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in March 2001, 25 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, Hale Center Foundation for the Arts and Education reported income of $11.9m and spending of $9.0m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $11.9m (+244%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hale Center Foundation for the Arts and Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Opera Theatre of Saint Louis ($11.9m), Ps1 Contemporary Art Center Inc ($11.9m) and Village Theatre ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $653k (7.3% of expenses). Other salaries and wages came to $2.1m. It paid $721k in professional fundraising fees. At year end it held assets of $52.9m against liabilities of $43.4m, net assets of $9.4m. It reported 158 employees.