Hillcrest Home Inc

Analysis

Hillcrest Home Inc is a registered charity in United States, based in Sumner, IA. It received its IRS tax-exemption ruling in February 1966, 60 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 December 2023, Hillcrest Home Inc reported income of $7.0m and spending of $6.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $7.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 27%. 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, Hillcrest Home 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 IA. Charities of a similar size with the same main cause include Tenfold ($7.0m), Homeless Solutions Inc ($7.0m) and Disciplemakers Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $3.8m against liabilities of $3.9m, net assets of -$185k. It reported 106 employees.