Greater Hickory Cooperative Christian Ministry

Analysis

Greater Hickory Cooperative Christian Ministry is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Greater Hickory Cooperative Christian Ministry reported income of $3.7m and spending of $2.9m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.7m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Hickory Cooperative Christian Ministry 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 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Margaretville Nursing Home Inc ($3.7m), Ability Center of Greater Toledo Supporting Organization ($3.7m) and Lighthouse for the Blind of Houston ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $68k (2.3% of expenses). Other salaries and wages came to $589k. At year end it held assets of $4.7m against liabilities of $457k, net assets of $4.3m. It reported 44 employees.