Holie VII Inc

Analysis

Holie VII Inc is a registered charity in United States, based in Mequon, WI. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Holie VII Inc reported income of $289k and spending of $472k, spending 163% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $255k to $289k (+13%), an average of +3.2% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holie VII Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within WI. Charities of a similar size with the same main cause include Cil Woods Inc ($289k), Mother Teresa Home ($289k) and Gaeda Revitalization Corporation ($289k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $1.8m against liabilities of $3.6m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.