Hilco Electric TR

Analysis

Hilco Electric TR is a registered charity in United States, based in Itasca, TX. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hilco Electric TR reported income of $62k and spending of $62k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $62k (-1.7%), an average of -1.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hilco Electric TR sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Vicco Sassafras Volunteer Fire Department Inc ($62k), God Works Family Soup Kitchen ($62k) and American Wine Society Educational Foundation Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.