Endowment Found of Holy Trinity Lutheran Church of Hickory NC Inc

Analysis

Endowment Found of Holy Trinity Lutheran Church of Hickory NC Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in November 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Endowment Found of Holy Trinity Lutheran Church of Hickory NC Inc reported income of $66k and spending of $142k, spending 217% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $157k to $66k (-58%), an average of -20% a year. The sharpest change came in the year to September 2022, when income dropped by 70%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Endowment Found of Holy Trinity Lutheran Church of Hickory NC Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Sel4us Inc ($66k), PTA Florida Congress ($66k) and Little League Baseball Inc ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.