Holcomb Associates Inc

Analysis

Holcomb Associates Inc is a registered charity in United States, based in Exton, PA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Holcomb Associates Inc reported income of $39.4m and spending of $35.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.1m to $39.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holcomb Associates Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include West Yavapai Guidance Clinic ($39.4m), Lancaster General Health ($39.4m) and American Academy of Neurology Institute ($39.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $174k (0.5% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $21.3m against liabilities of $12.3m, net assets of $9.0m. It reported 724 employees.