Hilltopper Athletic Foundation Inc

Analysis

Hilltopper Athletic Foundation Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2022, Hilltopper Athletic Foundation Inc reported income of $3.7m and spending of $3.1m, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.2m to $3.7m (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hilltopper Athletic Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Palm Springs International Film Society ($3.7m), College of Charleston Athletic Club ($3.7m) and Matpac Wrestling Club Inc ($3.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.5m.