Hickory Nut Gorge Outreach Inc

Analysis

Hickory Nut Gorge Outreach Inc is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hickory Nut Gorge Outreach Inc reported income of $241k and spending of $184k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $268k to $241k (-10%), an average of -3.5% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hickory Nut Gorge Outreach Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Shepherd House Inc ($241k), Northeast Texas Heart of Hope ($241k) and West Side Avenue Special Improvement District a NJ Nonprofi ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $38k (20% of expenses). At year end it held assets of $441k against liabilities of $0, net assets of $441k. It reported 1 employees.