Hillcrest Healthcare Communities Inc

Analysis

Hillcrest Healthcare Communities Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1962, 64 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 June 2023, Hillcrest Healthcare Communities Inc reported income of $34.7m and spending of $35.1m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $40.6m to $34.7m (-15%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hillcrest Healthcare Communities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Rural Health Care Incorporated ($34.7m), Inspira Health Network Life Inc ($34.7m) and Pathways Psychiatric Hospital Inc ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $421k (1.2% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $33.3m against liabilities of $6.1m, net assets of $27.1m. It reported 539 employees.