Hickory Nut Gorge Foundation

Analysis

Hickory Nut Gorge Foundation is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $75k and spending of $78k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $75k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hickory Nut Gorge Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Little Fox - Tobys Foundation ($75k), Boon Project ($75k) and Warren & Lizzie Leaver Memorial Trust Fund ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.