Service League of Hickory N C Inc

Analysis

Service League of Hickory N C Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, Service League of Hickory N C Inc reported income of $81k and spending of $80k, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $106k to $81k (-24%), an average of -6.7% a year. The sharpest change came in the year to May 2024, when income rose by 118%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Service League of Hickory N C Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Philadelphia Diversity Law Group Inc ($80k), A Lighted Path Houston ($81k) and Friends of Bastrop Main St Inc ($80k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $892k against liabilities of $150, net assets of $891k.