Holmans Family Adult Residential Care

Analysis

Holmans Family Adult Residential Care is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Holmans Family Adult Residential Care reported income of $300k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2020 to December 2023, income fell from $505k to $300k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 22% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holmans Family Adult Residential Care sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Presbyterian Apartments of Northport II ($300k), Baileys Open Door Foundation ($300k) and Franklin Affordable Housing Corporation Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.