Hilton Head Island Concours D Elegance Inc

Analysis

Hilton Head Island Concours D Elegance Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in September 2002, 24 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, Hilton Head Island Concours D Elegance Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 294%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hilton Head Island Concours D Elegance Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include The Vincent Price Art Museum Foundation ($1.4m), Downtown Toledo Development Corporation ($1.5m) and Oklahoma Humanities Council Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $92k (6.3% of expenses). Other salaries and wages came to $137k. At year end it held assets of $298k against liabilities of $241k, net assets of $57k. It reported 5 employees.