Spokane Hoopfest Association

Analysis

Spokane Hoopfest Association is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in January 1995, 31 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 September 2024, Spokane Hoopfest Association reported income of $2.9m and spending of $2.6m, spending 91% of its income. Across the 6 years on record, from August 2020 to September 2024, income grew from $1.3m to $2.9m (+127%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 22373%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spokane Hoopfest Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Pregones Puerto Rican Traveling Theater Inc ($2.9m), Musicians on Call Inc ($2.9m) and Armory Center for the Arts ($2.9m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 43% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $140k (5.3% of expenses). At year end it held assets of $2.4m against liabilities of $525k, net assets of $1.9m. It reported 40 employees.