Holy Name Retreat Center

Analysis

Holy Name Retreat Center is a registered charity in United States, based in Houston, TX. 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 June 2023, Holy Name Retreat Center reported income of $1.9m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Name Retreat Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Louisiana Museum Foundation ($1.9m), Bosler Memorial Library ($1.9m) and Copernicus Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $184k (11% of expenses). Other salaries and wages came to $549k. At year end it held assets of $1.8m against liabilities of $218k, net assets of $1.6m. It reported 28 employees.