Hickory Nut Gorge Outreach Inc
Hickory Nut Gorge Outreach Inc shows consistent growth and strong financial health with zero liabilities and no reported officer compensation.
EIN: 201240771 · Lake Lure, NC · NTEE: P60 · Updated: 2026-03-28
Is Hickory Nut Gorge Outreach Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hickory Nut Gorge Outreach Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hickory Nut Gorge Outreach Inc
Hickory Nut Gorge Outreach Inc (EIN: 201240771) is a nonprofit organization based in Lake Lure, NC, classified under NTEE code P60. The organization reported total revenue of $310K and total assets of $551K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hickory Nut Gorge Outreach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hickory Nut Gorge Outreach Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $184K |
| Surplus / Deficit | +$57K |
| Total Assets | $441K |
| Net Assets | $441K |
| Operating Margin | 23.8% |
| Months of Reserves | 28.8 months |
Financial Health Grade: A
In 2023, Hickory Nut Gorge Outreach Inc reported a surplus of $57K with revenue exceeding expenses, holds 28.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hickory Nut Gorge Outreach Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +25.9% | +15.0% |
| 2022 | -5.3% | +33.7% | +11.3% |
| 2021 | -27.1% | -36.3% | +33.5% |
| 2020 | +45.8% | +20.6% | +67.5% |
| 2019 | +4.8% | +21.3% | +37.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hickory Nut Gorge Outreach Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hickory Nut Gorge Outreach Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer channels, which is highly efficient for an organization of its size with latest revenue of $310,090.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hickory Nut Gorge Outreach Inc:
- Consistent revenue and asset growth over a decade, indicating sustainability.
- Zero reported liabilities across all filings, demonstrating strong financial stability.
- 0% officer compensation reported, suggesting high efficiency and dedication to mission.
- Expenses consistently lower than revenue in recent years, leading to asset accumulation.
- Strong asset base relative to annual expenses, providing financial resilience.
Frequently Asked Questions about Hickory Nut Gorge Outreach Inc
Is Hickory Nut Gorge Outreach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hickory Nut Gorge Outreach Inc (EIN: 201240771) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hickory Nut Gorge Outreach Inc spend its money?
Hickory Nut Gorge Outreach Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hickory Nut Gorge Outreach Inc tax-deductible?
Hickory Nut Gorge Outreach Inc is registered as a tax-exempt nonprofit (EIN: 201240771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hickory Nut Gorge Outreach Inc a good charity?
Based on its financial data, Hickory Nut Gorge Outreach Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains zero liabilities, and reports no officer compensation, indicating efficient use of funds and strong financial management.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $72,882 in 2014 to $241,226 in 2023, and assets growing from $39,818 to $440,518 over the same period. This indicates a strong and improving financial trajectory.
What is the organization's approach to executive compensation?
Hickory Nut Gorge Outreach Inc consistently reports 0% officer compensation in its IRS 990 filings, suggesting a highly efficient model where leadership may be volunteer-based or compensated in ways that do not fall under officer compensation, maximizing funds for programs.
Filing History
IRS 990 filing history for Hickory Nut Gorge Outreach Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hickory Nut Gorge Outreach Inc's revenue has grown by 323%, moving from $57K to $241K. Total assets increased by 3105.4% over the same period, from $14K to $441K. Total functional expenses rose by 238.9%, from $54K to $184K. In its most recent filing year (2023), Hickory Nut Gorge Outreach Inc reported a surplus of $57K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $184K | $441K | $0 | — | View 990 |
| 2022 | $185K | $146K | $383K | $0 | — | View 990 |
| 2021 | $195K | $109K | $344K | $0 | — | View 990 |
| 2020 | $268K | $171K | $258K | $0 | — | View 990 |
| 2019 | $184K | $142K | $154K | $0 | — | View 990 |
| 2018 | $176K | $117K | $112K | $0 | — | View 990 |
| 2017 | $130K | $93K | $54K | $0 | — | View 990 |
| 2016 | $63K | $74K | $17K | $0 | — | View 990 |
| 2015 | $72K | $76K | $27K | $0 | — | View 990 |
| 2014 | $73K | $68K | $40K | $0 | — | View 990 |
| 2013 | $64K | $43K | $35K | $0 | — | View 990 |
| 2012 | $73K | $67K | $14K | $0 | — | View 990 |
| 2011 | $57K | $54K | $14K | $7 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $184K, and assets of $441K (revenue +30.4% year-over-year).
- 2022: Revenue of $185K, expenses of $146K, and assets of $383K (revenue -5.3% year-over-year).
- 2021: Revenue of $195K, expenses of $109K, and assets of $344K (revenue -27.1% year-over-year).
- 2020: Revenue of $268K, expenses of $171K, and assets of $258K (revenue +45.8% year-over-year).
- 2019: Revenue of $184K, expenses of $142K, and assets of $154K (revenue +4.8% year-over-year).
- 2018: Revenue of $176K, expenses of $117K, and assets of $112K (revenue +34.9% year-over-year).
- 2017: Revenue of $130K, expenses of $93K, and assets of $54K (revenue +105.7% year-over-year).
- 2016: Revenue of $63K, expenses of $74K, and assets of $17K (revenue -12.5% year-over-year).
- 2015: Revenue of $72K, expenses of $76K, and assets of $27K (revenue -0.7% year-over-year).
- 2014: Revenue of $73K, expenses of $68K, and assets of $40K (revenue +13.1% year-over-year).
- 2013: Revenue of $64K, expenses of $43K, and assets of $35K (revenue -11.7% year-over-year).
- 2012: Revenue of $73K, expenses of $67K, and assets of $14K (revenue +27.9% year-over-year).
- 2011: Revenue of $57K, expenses of $54K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hickory Nut Gorge Outreach Inc:
Data Sources and Methodology
This transparency report for Hickory Nut Gorge Outreach Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.