HRBC Inc

Analysis

HRBC Inc is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, HRBC Inc reported income of $87k and spending of $67k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $87k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 125% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, HRBC Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Phap Lac Inc ($87k), Faithlife Ministries Inc ($87k) and Deeper Still of Northern Indiana ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.