Hillcrest Educational Centers Inc

Analysis

Hillcrest Educational Centers Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hillcrest Educational Centers Inc reported income of $45.7m and spending of $45.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.1m to $45.7m (+23%), an average of +5.3% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillcrest Educational Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Lancaster Bible College ($45.7m), Loma Linda University Behavioral Medicine Center Inc ($45.7m) and Dana Hall Schools ($45.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $543k (1.2% of expenses). Other salaries and wages came to $31.0m. At year end it held assets of $35.8m against liabilities of $18.8m, net assets of $17.1m. It reported 666 employees.