Hilltown Community Development

Analysis

Hilltown Community Development is a registered charity in United States, based in Chesterfield, MA. It received its IRS tax-exemption ruling in January 2024, 2 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 June 2023, Hilltown Community Development reported income of $6.4m and spending of $3.3m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $6.4m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hilltown Community Development sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Northwest Bronx Community and Clergy Coalition Inc ($6.4m), Rehabilitation and Employment Services of the East Bay ($6.5m) and Norwich Community Development Corporation Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $149k (4.5% of expenses). Other salaries and wages came to $965k. At year end it held assets of $13.6m against liabilities of $9.6m, net assets of $4.0m. It reported 30 employees.