Hilltop Foundation Inc
Hilltop Foundation consistently spends more than it earns, drawing down assets over a decade.
EIN: 133345688 · New Canaan, CT · Updated: 2026-03-28
Is Hilltop Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hilltop Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hilltop Foundation Inc
Hilltop Foundation Inc (EIN: 133345688) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $156K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hilltop Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hilltop Foundation Inc is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $119K |
| Surplus / Deficit | $-85,051 |
| Total Assets | $1.3M |
| Total Liabilities | $32K |
| Net Assets | $1.3M |
| Operating Margin | -249.5% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 132.6 months |
Financial Health Grade: B
In 2023, Hilltop Foundation Inc reported a deficit of $85K with expenses exceeding revenue, holds 132.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hilltop Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | +8.8% | -2.1% |
| 2022 | -7.7% | +14.9% | -5.7% |
| 2021 | -74.6% | +-0.0% | -4.3% |
| 2020 | +164.0% | +37.5% | +1.7% |
| 2019 | -38.9% | -13.2% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hilltop Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hilltop Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that compensation is covered by other means not reported as officer pay. This indicates a commitment to minimizing overhead in this specific area, which is commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hilltop Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses significantly exceed revenue in most years)
- Declining asset base over the past decade, indicating asset depletion
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unclear NTEE code and specific program activities, hindering mission assessment
Strengths
The following positive indicators were identified for Hilltop Foundation Inc:
- No reported officer compensation, suggesting volunteer leadership or very low executive overhead
- Maintains a substantial asset base ($1,256,672 latest) despite operational deficits
- Consistent filing of IRS 990 forms, indicating transparency in reporting
Frequently Asked Questions about Hilltop Foundation Inc
Is Hilltop Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hilltop Foundation Inc (EIN: 133345688) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Hilltop Foundation Inc spend its money?
Hilltop Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hilltop Foundation Inc tax-deductible?
Hilltop Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133345688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hilltop Foundation Inc. plan to address its consistent operational deficits?
The filings consistently show expenses significantly exceeding revenue (e.g., $119,134 expenses vs. $34,083 revenue in 2023). The organization needs a clear strategy to increase revenue or reduce expenses to achieve financial sustainability.
What is the specific mission and program focus of Hilltop Foundation Inc.?
Without an NTEE code or detailed program descriptions in the provided data, it's unclear what specific programs the organization funds or operates. This information is crucial for assessing its impact and alignment with its spending.
What is the breakdown of the organization's expenses, particularly between program services, administrative costs, and fundraising?
The provided data only gives total expenses. A detailed breakdown would allow for a more precise assessment of spending efficiency and how much directly supports its mission versus overhead.
What is the long-term strategy for managing the declining asset base?
Assets have decreased from $1,590,716 in 2011 to $1,315,987 in 2023. This trend, driven by operational deficits, is unsustainable and requires a plan to stabilize or grow the asset base.
Filing History
IRS 990 filing history for Hilltop Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hilltop Foundation Inc's revenue has declined by 60.8%, moving from $87K to $34K. Total assets decreased by 17.3% over the same period, from $1.6M to $1.3M. Total functional expenses rose by 27.9%, from $93K to $119K. In its most recent filing year (2023), Hilltop Foundation Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $32K in liabilities against $1.3M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $119K | $1.3M | $32K | — | — |
| 2022 | $28K | $110K | $1.3M | $1 | — | View 990 |
| 2021 | $31K | $95K | $1.4M | $1 | — | — |
| 2020 | $120K | $95K | $1.5M | $1 | — | View 990 |
| 2019 | $46K | $69K | $1.5M | $1 | — | View 990 |
| 2015 | $75K | $80K | $1.5M | $1 | — | View 990 |
| 2014 | $51K | $84K | $1.5M | $1 | — | View 990 |
| 2013 | $47K | $84K | $1.5M | $1 | — | View 990 |
| 2012 | $56K | $83K | $1.6M | $1 | — | View 990 |
| 2011 | $87K | $93K | $1.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $119K, and assets of $1.3M (revenue +20.6% year-over-year).
- 2022: Revenue of $28K, expenses of $110K, and assets of $1.3M (revenue -7.7% year-over-year).
- 2021: Revenue of $31K, expenses of $95K, and assets of $1.4M (revenue -74.6% year-over-year).
- 2020: Revenue of $120K, expenses of $95K, and assets of $1.5M (revenue +164.0% year-over-year).
- 2019: Revenue of $46K, expenses of $69K, and assets of $1.5M (revenue -38.9% year-over-year).
- 2015: Revenue of $75K, expenses of $80K, and assets of $1.5M (revenue +46.6% year-over-year).
- 2014: Revenue of $51K, expenses of $84K, and assets of $1.5M (revenue +7.6% year-over-year).
- 2013: Revenue of $47K, expenses of $84K, and assets of $1.5M (revenue -15.6% year-over-year).
- 2012: Revenue of $56K, expenses of $83K, and assets of $1.6M (revenue -35.5% year-over-year).
- 2011: Revenue of $87K, expenses of $93K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hilltop Foundation Inc:
Data Sources and Methodology
This transparency report for Hilltop Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.