Friends of Holly Hill Farm Inc

Analysis

Friends of Holly Hill Farm Inc is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Holly Hill Farm Inc reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $740k to $1.3m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Holly Hill Farm Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Somali Family Safety Task Force ($1.3m), Michigan Falun Dafa Association ($1.3m) and Agape Pregnancy Centers Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $99k (8.3% of expenses). Other salaries and wages came to $547k. At year end it held assets of $629k against liabilities of $51k, net assets of $578k. It reported 37 employees.