Hilltop Economic Development Corporation

Analysis

Hilltop Economic Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, Hilltop Economic Development Corporation reported income of $491k and spending of $511k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $491k (+75%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hilltop Economic Development Corporation 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 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include St Hope Development Company ($491k), Yellow Bike Project ($491k) and Nice Twice Resale Shoppe Inc ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $6,765 against liabilities of $0, net assets of $6,765.