Friends of the Farm at Hilltop Inc

Analysis

Friends of the Farm at Hilltop Inc is a registered charity in United States, based in Suffield, CT. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of the Farm at Hilltop Inc reported income of $424k and spending of $166k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $708k to $424k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Farm at Hilltop 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 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Willamette Jazz Society ($424k), Heights Arts Collaborative Inc ($424k) and Orion Neighborhood Television Corp ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 0.9% of the total. At year end it held assets of $2.0m against liabilities of $261k, net assets of $1.7m.