Hickory Choral Society Inc

Analysis

Hickory Choral Society Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in October 1981, 45 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 June 2024, Hickory Choral Society Inc reported income of $248k and spending of $215k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $138k to $248k (+80%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hickory Choral Society Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Goodenough Community ($248k), Jewish Historical Society of Upper Midwest Inc ($248k) and Arc of Iowa ($248k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $902k against liabilities of $11k, net assets of $892k. It reported 4 employees.