Holly Place

Analysis

Holly Place is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Holly Place reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.9m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Place sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include We Love Our City ($1.9m), Heritage Apts Inc ($1.9m) and Hawaii Disability Rights Center ($1.9m).

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 $278k. At year end it held assets of $103k against liabilities of $500k, net assets of -$397k. It reported 17 employees.