Hillmont Incorporated

Analysis

Hillmont Incorporated is a registered charity in United States, based in White Bluff, TN. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hillmont Incorporated reported income of $619k and spending of $556k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $619k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hillmont Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Schenectady Youth Hockey Association Inc ($619k), Kirkwood Ski Education Foundation ($619k) and Saint Ignatius Hockey Club ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $41k (7.3% of expenses). Other salaries and wages came to $115k. At year end it held assets of $2.2m against liabilities of $8,652, net assets of $2.2m. It reported 32 employees.