Highco Inc

Analysis

Highco Inc is a registered charity in United States, based in Hillsboro, OH. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 December 2023, Highco Inc reported income of $1.8m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.8m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highco Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Big Brothers Big Sisters Hawaii Inc ($1.8m), Big Spring YMCA ($1.8m) and City of Omaha Public Library Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $494k, net assets of $1.0m. It reported 115 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.