Holy Name Ems

Analysis

Holy Name Ems is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Name Ems reported income of $5.6m and spending of $7.6m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.6m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Name Ems 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 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Absaroka Inc ($5.6m), Statewide Parent Advocacy Network Incorporated ($5.6m) and Pajaro Valley Prevention and Student Assistance Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $1.5m against liabilities of $8.7m, net assets of -$7.2m. It reported 121 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.