Holy Spirit Retirement Home Foundation Inc

Analysis

Holy Spirit Retirement Home Foundation Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Holy Spirit Retirement Home Foundation Inc reported income of $308k and spending of $288k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $308k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Spirit Retirement Home Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include American Society for Environmental History ($308k), Perdido Beach Volunteer Fire Department Inc ($308k) and Edgar Baillie Ministries Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $302k against liabilities of $12k, net assets of $290k.