Hhplift

Analysis

Hhplift is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Hhplift reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.3m (+29%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hhplift sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Conxusneo ($1.3m), Cattaraugus-Allegny Workforce Investment Board Inc ($1.3m) and West Valley Alliance ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $608k. At year end it held assets of $261k against liabilities of $595k, net assets of -$335k. It reported 16 employees.