HLTC Inc

Analysis

HLTC Inc is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, HLTC Inc reported income of $28.6m and spending of $28.7m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $30.6m to $28.6m (-6.3%), an average of -1.6% a year. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HLTC 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 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Family Service and Guidance Center of Topeka Inc ($28.6m), Adventhealth Foundation Inc ($28.6m) and Vna Health ($28.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $15.6m. At year end it held assets of $13.1m against liabilities of $10.6m, net assets of $2.5m. It reported 481 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.