Hollys House Inc

Analysis

Hollys House Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in June 2006, 20 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, Hollys House Inc reported income of $1.3m and spending of $758k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.3m (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 131%. 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, Hollys House 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 82nd percentile within IN. Charities of a similar size with the same main cause include Childrens Home of Cleveland County Inc ($1.3m), Empowering Kids Perham ($1.3m) and Golf Fore Life Skills ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (9.2% of expenses). Other salaries and wages came to $410k. At year end it held assets of $1.9m against liabilities of $24k, net assets of $1.8m. It reported 16 employees.