Historical Foundation of Hillsborough and Orange County

Analysis

Historical Foundation of Hillsborough and Orange County is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historical Foundation of Hillsborough and Orange County reported income of $102k and spending of $126k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $97k to $102k (+4.5%), an average of +4.5% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Foundation of Hillsborough and Orange County sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Bridgeport High School Band Patrons Inc ($102k), Evergreen Music Festival ($102k) and Lock One Community Arts Inc ($102k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.