Hickory Community Theatre Inc

Analysis

Hickory Community Theatre Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in August 1954, 72 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hickory Community Theatre Inc reported income of $736k and spending of $735k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $503k to $736k (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hickory Community Theatre Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Kidsenses Inc ($736k), Bhutanese Community Association of Pittsburgh ($737k) and Cornwell Research Group ($736k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $68k (9.3% of expenses). Other salaries and wages came to $188k. At year end it held assets of $944k against liabilities of $9,620, net assets of $934k. It reported 10 employees.