Historic Rock Castle Inc

Analysis

Historic Rock Castle Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in October 1976, 50 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, Historic Rock Castle Inc reported income of $424k and spending of $283k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $181k to $424k (+134%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Rock Castle Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Corporation for Public Media Inc ($424k), The Holland Project ($424k) and Saratoga Springs Universal Preservation Hall ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 17% of the total. Other salaries and wages came to $174k. At year end it held assets of $603k against liabilities of $16k, net assets of $587k. It reported 21 employees.