Hills Bank Donor Advised Gift Fund

Analysis

Hills Bank Donor Advised Gift Fund is a registered charity in United States, based in North Liberty, IA. It received its IRS tax-exemption ruling in December 1997, 29 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 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, Hills Bank Donor Advised Gift Fund reported income of $8.8m and spending of $6.6m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $8.8m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hills Bank Donor Advised Gift Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include United Way of Northern New Jersey Inc ($8.8m), Community Foundation of Southern Wisconsin Inc ($8.8m) and Wichita Falls Area Community Foundation ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $20.4m against liabilities of $0, net assets of $20.4m.