Michelle Lynn Holsey Foundation

Analysis

Michelle Lynn Holsey Foundation is a registered charity in United States, based in Crockett, TX. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michelle Lynn Holsey Foundation reported income of $241k and spending of $174k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $241k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michelle Lynn Holsey Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Search Foundation ($241k), Ohio Valley United Charities Inc ($241k) and Maryada Family Foundation Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.