Hillsborough Community College Foundation Inc

Analysis

Hillsborough Community College Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1978, 48 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hillsborough Community College Foundation Inc reported income of $11.5m and spending of $8.6m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.7m to $11.5m (+49%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hillsborough Community College Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Archbold Expeditions Inc ($11.5m), St Stephens School Corporation ($11.5m) and Habitat for Humanity Vail Valley Inc ($11.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 33% of the total. At year end it held assets of $32.2m against liabilities of $9.2m, net assets of $23.0m.