Hof Culture Society is a private institution founded in October 2008. The main objective of the society is to operate the Hof culture building 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.

The board of Hof Cultural Society is comprised of Þórleifur Stefánsson, Hildur Eir Bolladóttir and Þorvaldur Lúðvík Kristjánsson.

The founding members of Hof Cultural Society are 34, businesses, municipalities and individuals.