High Point Discovered Inc

Analysis

High Point Discovered Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in May 2020, 6 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 2022, High Point Discovered Inc reported income of $297k and spending of $216k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $242k to $297k (+23%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, High Point Discovered Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Bay Future Inc ($297k), Virginia Highland District Association Inc ($297k) and Budokan Inc ($297k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $235k against liabilities of $0, net assets of $235k. It reported 4 employees.