Holly Way II Inc

Analysis

Holly Way II Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Holly Way II Inc reported income of $149k and spending of $134k, spending 90% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $118k to $149k (+27%), an average of +8.2% a year. The sharpest change came in the year to March 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holly Way II Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Groveton Housing Corporation ($149k), Travelers Rest Housing Development Fund Company Inc ($149k) and Cottage at Highlands Crossing Inc ($149k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 20% of the total. At year end it held assets of $994k against liabilities of $24k, net assets of $970k.