Foothills Antique Power Association

Analysis

Foothills Antique Power Association is a registered charity in United States, based in Conover, NC. It received its IRS tax-exemption ruling in June 2006, 20 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, Foothills Antique Power Association reported income of $106k and spending of $102k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $106k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foothills Antique Power Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include St Patricks Day Parade of Morris County Inc ($106k), Coro ($106k) and College Park Arts Exchange Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 83% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.