Hillabee Towers Inc

Analysis

Hillabee Towers Inc is a registered charity in United States, based in Alexander City, AL. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2024, Hillabee Towers Inc reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $1.0m to $1.1m (+14%), an average of +2.6% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hillabee Towers Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Haven Towers Development Corporation ($1.1m), Mansfield Leased Housing Corporation ($1.1m) and Umma Foundation Inc ($1.1m).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $2.0m against liabilities of $2.8m, net assets of -$757k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.