Holy Name Real Estate Corp

Analysis

Holy Name Real Estate Corp is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Name Real Estate Corp reported income of $7.8m and spending of $7.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $7.8m (+4675%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 86611%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Name Real Estate Corp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Our Daily Bread Ministries Foundation ($7.8m), Christian Aid Ministries Foundation ($7.8m) and BFP International Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $44.5m against liabilities of $41.3m, net assets of $3.2m.