Hit Inc

Analysis

Hit Inc is a registered charity in United States, based in Mandan, ND. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Hit Inc reported income of $43.9m and spending of $40.9m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $34.3m to $43.9m (+28%), an average of +5.0% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hit Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include Transitional Services for New York Inc ($43.9m), Spectrum for Living Development Inc ($43.9m) and Homes for the Homeless Inc ($43.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $429k (1.0% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $23.0m against liabilities of $7.2m, net assets of $15.8m. It reported 667 employees.