Hickory Nut Gorge Olympiad

Analysis

Hickory Nut Gorge Olympiad is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hickory Nut Gorge Olympiad reported income of $54k and spending of $58k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $54k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hickory Nut Gorge Olympiad sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Saidiana ($54k), Merrick Moore Community Development Corporation ($54k) and Association of Educational Service Agencies Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $427 against liabilities of $0, net assets of $427.