Holt-Elwell Memorial Foundation

Analysis

Holt-Elwell Memorial Foundation is a registered charity in United States, based in Hebron, NH. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2023, Holt-Elwell Memorial Foundation reported income of $2.2m and spending of $1.6m, leaving 29% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.5m to $2.2m (+50%), an average of +11% a year. The sharpest change came in the year to October 2021, when income rose by 258%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Holt-Elwell Memorial Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Springfield Sports Club Inc ($2.2m), Dyf ($2.2m) and Titan Mercury Wrestling Club Inc ($2.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Other salaries and wages came to $610k. At year end it held assets of $5.6m against liabilities of $425k, net assets of $5.2m. It reported 63 employees.