Hungry Hill Community Development Corporation

Analysis

Hungry Hill Community Development Corporation is a registered charity in United States, based in Hanover, MA. It received its IRS tax-exemption ruling in July 1994, 32 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 2024, Hungry Hill Community Development Corporation reported income of $9.0m and spending of $12k, leaving 100% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $314k to $9.0m (+2762%), an average of +131% a year. The sharpest change came in the year to June 2022, when income rose by 2568%. Over the whole period it spent 0.2% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hungry Hill Community Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Ability Counts Inc ($9.0m), Southwestern Oregon Workforce Investment Board ($9.0m) and Valley Resource Center Inc ($9.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $72.6m against liabilities of $12k, net assets of $72.6m.