Hilltop Residence Inc

Analysis

Hilltop Residence Inc is a registered charity in United States, based in Madison, MN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hilltop Residence Inc reported income of $186k and spending of $250k, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $268k to $186k (-30%), an average of -8.6% a year. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hilltop Residence Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Redmen Club Inc ($186k), Slice of Heaven Educational Farm ($186k) and St Anthonys Housing Management Corp ($186k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $477k against liabilities of $1.3m, net assets of -$782k.

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.