Hatteras Village Civic Association Inc

Analysis

Hatteras Village Civic Association Inc is a registered charity in United States, based in Hatteras, NC. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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, Hatteras Village Civic Association Inc reported income of $194k and spending of $71k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $194k (+198%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hatteras Village Civic Association 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 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Thomas Jefferson High School for Science & Technology Crew Booster ($194k), Institute of Counseling Prayer ($194k) and Denton Parks Foundation ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 50% of the total. At year end it held assets of $1.6m against liabilities of $232k, net assets of $1.3m.