Holmes Community College Development Foundation Inc

Analysis

Holmes Community College Development Foundation Inc is a registered charity in United States, based in Goodman, MS. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, Holmes Community College Development Foundation Inc reported income of $988k and spending of $361k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $988k (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holmes Community College Development Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within MS. Charities of a similar size with the same main cause include Maryland Hospital Education and Research Foundation Incorporated ($988k), St Vincent de Paul Society of Appleton Inc ($988k) and Northern Pines of Minnesota Inc ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $49k. At year end it held assets of $12.1m against liabilities of $71k, net assets of $12.0m. It reported 4 employees.