Hilltop Lakes Chapel Foundation

Analysis

Hilltop Lakes Chapel Foundation is a registered charity in United States, based in Hilltop Lakes, TX. It received its IRS tax-exemption ruling in December 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hilltop Lakes Chapel Foundation reported income of $74k and spending of $103k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $74k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 5504%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hilltop Lakes Chapel Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Spina Bifida Association of Alabama ($74k), West Michigan Jazz Society ($74k) and Iowa City Eels Swim Club Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $362k against liabilities of $0, net assets of $362k.

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.