Hickory Lane One Inc

Analysis

Hickory Lane One Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Hickory Lane One Inc reported income of $145k and spending of $142k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $126k to $145k (+15%), an average of +3.6% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hickory Lane One Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Willow Terrace Inc ($145k), LSS Housing North Willow Inc ($145k) and Amhhc Project I Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 37% of the total. At year end it held assets of $1.8m against liabilities of $2.6m, net assets of -$795k.