Hollydell Inc

Analysis

Hollydell Inc is a registered charity in United States, based in Hurffville, NJ. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hollydell Inc reported income of $9.8m and spending of $9.7m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.1m to $9.8m (+7.9%), an average of +1.5% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hollydell Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Progress in Education Inc ($9.8m), Grande Innovation Academy ($9.8m) and Cheder Chabad-Monsey ($9.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $351k (3.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $5.4m against liabilities of $2.8m, net assets of $2.6m. It reported 153 employees.