Highfields Inc

Analysis

Highfields Inc is a registered charity in United States, based in Onondaga, MI. It received its IRS tax-exemption ruling in March 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Highfields Inc reported income of $8.2m and spending of $9.0m, spending 109% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $8.6m to $8.2m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to April 2023, when income dropped by 23%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highfields Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Area II Agency on Aging ($8.2m), Manufacturing Institute ($8.2m) and Jewish Camp and Conference Service Inc ($8.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $389k (4.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $4.2m against liabilities of $2.9m, net assets of $1.2m. It reported 284 employees.