Holdrege Memorial Homes Inc

Analysis

Holdrege Memorial Homes Inc is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in January 1958, 68 years ago. 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 June 2024, Holdrege Memorial Homes Inc reported income of $9.6m and spending of $9.6m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.1m to $9.6m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holdrege Memorial Homes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Lutheran Home for the Aged Development Corp ($9.6m), Commonwealth Foundation for Public Policy Alternatives ($9.6m) and Caring for Military Families the Elizabeth Dole Foundation ($9.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $9.0m against liabilities of $2.2m, net assets of $6.8m. It reported 189 employees.