Hilltop Home Inc

Analysis

Hilltop Home Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1963, 63 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, Hilltop Home Inc reported income of $4.6m and spending of $4.3m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $4.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hilltop Home Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Central Virginia Alliance for Community Living Inc ($4.6m), Ikan Incorporated ($4.6m) and Issaquah Food & Clothing Bank ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $100k (2.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $5.9m against liabilities of $966k, net assets of $4.9m. It reported 90 employees.