Hickory Cove Bible Camp

Analysis

Hickory Cove Bible Camp is a registered charity in United States, based in Taylorsville, NC. It received its IRS tax-exemption ruling in November 1962, 64 years ago. 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 December 2023, Hickory Cove Bible Camp reported income of $419k and spending of $430k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $430k to $419k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hickory Cove Bible Camp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Road Runners Club of America ($419k), Kansas Association for Conservation and Environmental Education ($419k) and Habitat for Humanity International Inc ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $70k (16% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.6m against liabilities of $146k, net assets of $1.4m. It reported 18 employees.