Holly Springs Food Cupboard

Analysis

Holly Springs Food Cupboard is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Holly Springs Food Cupboard reported income of $887k and spending of $744k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $887k (+244%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Springs Food Cupboard sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Marshfield Child Development Center Inc ($886k), Impactone Breast Cancer Foundation ($887k) and Little Hands Christian Child Care ($886k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $897k against liabilities of $0, net assets of $897k.