Holiday Express Inc

Analysis

Holiday Express Inc is a registered charity in United States, based in Eatontown, NJ. It received its IRS tax-exemption ruling in April 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Holiday Express Inc reported income of $1.1m and spending of $1.4m, spending 121% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.5m to $1.1m (-25%), an average of -6.8% a year. The sharpest change came in the year to April 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Holiday Express Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Sabeswings ($1.1m), Yeshivat Ashreinu Inc ($1.1m) and Watermans Community Center ($1.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $301k. At year end it held assets of $1.5m against liabilities of $791k, net assets of $730k. It reported 6 employees.