Henry River Preservation Fund Inc

Analysis

Henry River Preservation Fund Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in November 2017, 9 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 (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, Henry River Preservation Fund Inc reported income of $58k and spending of $54k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $58k (+13%), an average of +13% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Henry River Preservation Fund Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Cherry Valley Area Mens Club ($58k), Brooklyn Heights Service Clubs ($58k) and Dallas Downtown Association ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $18k, net assets of $7,549.