Alliance for Historic Hillsborough

Analysis

Alliance for Historic Hillsborough is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in November 1993, 33 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, Alliance for Historic Hillsborough reported income of $222k and spending of $194k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $263k to $222k (-16%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alliance for Historic Hillsborough sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Beaumont Civic Ballet ($222k), Portage Center for the Arts Inc ($222k) and Franklin Pond Chamber Music Inc ($222k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $44k (23% of expenses). Other salaries and wages came to $51k. At year end it held assets of $202k against liabilities of $1,566, net assets of $200k. It reported 5 employees.