Hilliard Development Corporation

Analysis

Hilliard Development Corporation is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in May 2025. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hilliard Development Corporation reported income of $601k and spending of $372k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $601k (+182%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 225%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hilliard Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Italian-American Police Society of New Jersey Inc ($600k), Ce12 Foundation ($601k) and East Haddam Youth and Family Services Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m.