Holmdel Youth Activities Association

Analysis

Holmdel Youth Activities Association is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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 August 2023, Holmdel Youth Activities Association reported income of $426k and spending of $457k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $327k to $426k (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2022, when income rose by 79%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holmdel Youth Activities Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Fraternity Managers Association of the University of Rhode Island ($426k), Habitat for Humanity International Inc ($426k) and Hertel-North Park Youth Baseball League Inc ($426k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.4% and program service revenue 89% of the total. Other salaries and wages came to $36k. At year end it held assets of $235k against liabilities of $3,705, net assets of $232k. It reported 2 employees.