Holmes-Wayne Electric Foundation Inc

Analysis

Holmes-Wayne Electric Foundation Inc is a registered charity in United States, based in Millersburg, OH. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Holmes-Wayne Electric Foundation Inc reported income of $54k and spending of $46k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $54k (+2.3%), an average of +2.3% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes-Wayne Electric Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Little Miami Food Services Inc ($54k), Immanuel Church Foundation for the Elderly Inc ($54k) and Upstream Access ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.