Hanging Rock Christian Assembly

Analysis

Hanging Rock Christian Assembly is a registered charity in United States, based in West Lebanon, IN. It received its IRS tax-exemption ruling in April 1952, 74 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, Hanging Rock Christian Assembly reported income of $982k and spending of $1.0m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $638k to $982k (+54%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanging Rock Christian Assembly sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Services to Abused Families Inc ($982k), Nami Jacksonville FL Inc ($982k) and Edmond Mobile Meals Inc ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $307k. At year end it held assets of $5.2m against liabilities of $116k, net assets of $5.1m. It reported 26 employees.