Highland Community Association Inc

Analysis

Highland Community Association Inc is a registered charity in United States, based in Street, MD. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Highland Community Association Inc reported income of $273k and spending of $299k, spending 110% of what it took in. Across the 6 years on record, from September 2018 to September 2023, income grew from $188k to $273k (+45%), an average of +7.7% a year. The sharpest change came in the year to September 2022, when income rose by 163%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Highland Community Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Hispanic Resources Inc ($272k), Wayne County Development Corporation ($273k) and Osceola Chamber Main Street ($272k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $41k (14% of expenses). Other salaries and wages came to $48k. At year end it held assets of $389k against liabilities of $4,536, net assets of $385k. It reported 6 employees.