Entertainment Revue Hits Foundation Inc

Analysis

Entertainment Revue Hits Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 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 December 2023, Entertainment Revue Hits Foundation Inc reported income of $4.5m and spending of $4.8m, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.6m to $4.5m (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Entertainment Revue Hits Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Riverside Art Museum ($4.5m), Centrocultural Mexicano ($4.5m) and Muse-Ique ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $180 against liabilities of $21k, net assets of -$21k. It reported 41 employees.