Holistic Community Outreach Center Inc

Analysis

Holistic Community Outreach Center Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Holistic Community Outreach Center Inc reported income of $355k and spending of $413k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $365k to $355k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holistic Community Outreach Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include National Alliance on Mental Illness of Westchester Inc ($355k), The Addis Clinic Inc ($355k) and Wellness Forum Foundation ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $200k. At year end it held assets of $124k against liabilities of $409k, net assets of -$285k. It reported 9 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.