Highland Homes Inc

Analysis

Highland Homes Inc is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in June 1972, 54 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 June 2024, Highland Homes Inc reported income of $450k and spending of $411k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $422k to $450k (+6.6%), an average of +1.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland Homes Inc 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 69th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Beverly Montessori School ($450k), Greenwood-Molina Nursery School ($450k) and Franklin Childrens School Inc ($450k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $58k. At year end it held assets of $947k against liabilities of $267k, net assets of $680k. It reported 4 employees.