The Hof Culture Society is a private institution founded on October 2008. The main objective of the society is to operate the Hof Cultural Center according to an agreement with the Municipality of Akureyri. The Hof Culture Society receives a yearly contribution from the Municipality of Akureyri. but In addition, the income from the Society itself is supposed to fund the operation.

There are 34 founding members of the Hof Cultural Society, a combination of businesses, municipalities, and individuals.