Parson of the Hills Foundation Inc

Analysis

Parson of the Hills Foundation Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in June 1963, 63 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Parson of the Hills Foundation Inc reported income of $374k and spending of $242k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $374k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parson of the Hills Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Association for Benevolent Care Inc ($374k), Crewe Foundation ($374k) and Cooke County United Way Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Other salaries and wages came to $83k. At year end it held assets of $1.0m against liabilities of $2,402, net assets of $1.0m. It reported 10 employees.