Hillsborough Education Foundation Inc

Analysis

Hillsborough Education Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Hillsborough Education Foundation Inc reported income of $7.8m and spending of $8.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $7.8m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hillsborough Education Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Rehoboth Christian School Association ($7.8m), Heritage Preparatory School of Georgia Inc ($7.8m) and Elk Mountain Academy ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $482k (6.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.9m against liabilities of $1.0m, net assets of $9.9m. It reported 41 employees.