Mount Holly Community Development Foundation Inc

Analysis

Mount Holly Community Development Foundation Inc is a registered charity in United States, based in Mount Holly, NC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mount Holly Community Development Foundation Inc reported income of $70k and spending of $53k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $70k (+3.8%), an average of +3.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Holly Community Development Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Golden Prairie Honey Farms Corp ($70k), Friends of Harrison Park Inc ($70k) and Downtown Ventura Organization ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.