Hitops Inc

Analysis

Hitops Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hitops Inc reported income of $674k and spending of $922k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $458k to $674k (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 308%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hitops Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Visitor Aloha Society of Hawaii ($674k), Clinsura Inc ($674k) and Intergroup Association of a a of New York Inc ($673k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $510k. At year end it held assets of $1.4m against liabilities of $186k, net assets of $1.2m. It reported 11 employees.