Holy Name Housing Corporation

Analysis

Holy Name Housing Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Holy Name Housing Corporation reported income of $12.5m and spending of $10.8m, spending 86% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $8.4m to $12.5m (+50%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 95%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Name Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include LA Crosse Area Family Y M C a Inc ($12.5m), The Guidance Center ($12.5m) and Guthrie Home Care ($12.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $224k (2.1% of expenses). Other salaries and wages came to $459k. At year end it held assets of $20.0m against liabilities of $8.5m, net assets of $11.6m. It reported 19 employees.