Hillcrest Healthcare Foundation

Analysis

Hillcrest Healthcare Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hillcrest Healthcare Foundation reported income of $338k and spending of $24k, leaving 93% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $53k to $338k (+540%), an average of +86% a year. The sharpest change came in the year to June 2021, when income rose by 339%. Over the whole period it spent 4.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hillcrest Healthcare Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Veterans Housing Development Corporation ($338k), Nhhi-Champlin Inc ($338k) and Gurnani Foundation ($337k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.2m against liabilities of $3,076, net assets of $1.2m.