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North Carolina · Nonprofit

Hillsborough Community Media

Hillsborough Community Media (North Carolina) receives grants from 3 organizations whose IRS filings report $35,061 to it, the largest being GRACE JONES RICHARDSON TESTAMENTARY TRUST C/O PIEDMONT TRUST CO ($30,000). 2 of them have funded it in more than one year.

Revenue FY2024
$42k
Funders on record
3
Grants received
$35k
Net assets
$156k
2/3 repeat funderspeak grant-dependency 15%
01What it does

What Hillsborough Community Media does

Mission

Comunnity Radio Station

As stated on its FY2024 Form 990-EZ.

Program

  1. Community Radio

    $30,342 spent
    100% of program spending

The program described on its FY2024 Form 990-EZ. Program spending in total: $30,342.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($33k) Expenses 100 ($26k) Net assets 100 ($109k)2022 Revenue 145 ($48k) Expenses 110 ($29k) Net assets 117 ($128k)2023 Revenue 179 ($59k) Expenses 165 ($44k) Net assets 132 ($144k)2024 Revenue 128 ($42k) Expenses 115 ($30k) Net assets 143 ($156k)
2021202220232024
Revenue (128)Expenses (115)Net assets (143)Peer revenue range

Balance sheet

Total assets at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $109k to $128k (+17%).

$109k
$128k
$144k
$156k
2021202220232024
Total assets

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

100% of Hillsborough Community Media’s revenue is contributions — more reliant on donations than three-quarters of its peers (78% for the typical peer).

This organization
Typical peer · 18,808 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.

$7k
’21
$19k
’22
$16k
’23
$12k
’24
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $5k → $5k.

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Hillsborough Community Media’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Hillsborough Community Media leans on a few funders — its largest provides 86% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

86%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

86% of Hillsborough Community Media's grant income comes from North Carolina funders.

VA
NC

In-state vs out-of-state, by year

’17
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $61 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Hillsborough Community Media runs a healthier operating margin than three-quarters of the 14,550 arts & culture nonprofits its size.

Operating margin29% · top quartile
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 14,550 arts & culture nonprofits under $100k, FY2024

Organizations like Hillsborough Community Media

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Hillsborough Community Media: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Hillsborough Community Media?
Hillsborough Community Media (North Carolina) receives grants from 3 organizations whose IRS filings report $35,061 to it, the largest being GRACE JONES RICHARDSON TESTAMENTARY TRUST C/O PIEDMONT TRUST CO ($30,000). 2 of them have funded it in more than one year.
How many funders does Hillsborough Community Media have?
IRS filings report 3 organizations giving $35,061 in grants to Hillsborough Community Media, 2 of which have funded it in more than one year.
Who is the largest funder of Hillsborough Community Media?
GRACE JONES RICHARDSON TESTAMENTARY TRUST C/O PIEDMONT TRUST CO is the largest funder on record, with $30,000 in grants. The full list of funders is on this page.
How can an organization like Hillsborough Community Media find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hillsborough Community Media →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing