Hillcrest Center

Analysis

Hillcrest Center is a registered charity in United States, based in Wanamingo, MN. It received its IRS tax-exemption ruling in May 2021, 5 years ago. 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, Hillcrest Center reported income of $586k and spending of $613k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $330k to $586k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hillcrest Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Casa Roble High School Ramsmen Inc ($586k), Mt Pisgah Apartments Inc ($586k) and Surf and Turf Therapy ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $425k. At year end it held assets of $561k against liabilities of $159k, net assets of $402k.

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.