Highlands Motoring Foundation Inc

Analysis

Highlands Motoring Foundation Inc is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in September 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Highlands Motoring Foundation Inc reported income of $219k and spending of $201k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $219k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Highlands Motoring Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Ho Ho Ho Inc ($219k), India Collective Inc ($219k) and Aimbridge Aid Foundation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.