Honk

Analysis

Honk is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 2023, 3 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, Honk reported income of $90k and spending of $86k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $90k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honk sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Fort Worth Modern Art Museum Assoc ($90k), West Village Chorale Inc ($90k) and Fannie Lou Hamer Institute of Advocacy & Social Action ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 6.1% of the total. At year end it held assets of $7,923 against liabilities of $0, net assets of $7,923.