Historic Cane Hill Inc

Analysis

Historic Cane Hill Inc is a registered charity in United States, based in Canehill, AR. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, Historic Cane Hill Inc reported income of $2.0m and spending of $864k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 353%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Cane Hill Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within AR. Charities of a similar size with the same main cause include Rochester Electrical Joint Apprenticeship and Training TR ($2.0m), Christian Community Development Association ($2.0m) and Historic East Baltimore Community Action Coalition Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $84k (9.7% of expenses). Other salaries and wages came to $152k. At year end it held assets of $11.0m against liabilities of $7,156, net assets of $11.0m. It reported 7 employees.