Hills Insurance Company Inc

Analysis

Hills Insurance Company Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hills Insurance Company Inc reported income of $16.5m and spending of $9.1m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.9m to $16.5m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income rose by 317%. Over the whole period it spent 178% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hills Insurance Company Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Gates Cambridge TR ($16.5m), Wooster School Corporation ($16.5m) and Legal Services of Long Island Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 103% of the total. At year end it held assets of $235.1m against liabilities of $137.4m, net assets of $97.8m.