HRTS Foundation

Analysis

HRTS Foundation is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in August 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, HRTS Foundation reported income of $54k and spending of $15k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $54k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, HRTS Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Canzona Womens Ensemble ($54k), Jamaican Civic & Cultural Association of Rockland ($54k) and San Diego Bonsai Club ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $101k against liabilities of $26k, net assets of $75k.