Hillside Village III Inc

Analysis

Hillside Village III Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Hillside Village III Inc reported income of $143k and spending of $136k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $104k to $143k (+37%), an average of +8.3% a year. The sharpest change came in the year to August 2020, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hillside Village III Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Wallkill Housing Development Co of Carpenters & Joiners Local 964 Inc ($143k), Western Wayne Affordable Housing Inc ($143k) and Idia Inc ($143k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $26k. At year end it held assets of $772k against liabilities of $374k, net assets of $397k.