Holistic Underground Inc

Analysis

Holistic Underground Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Holistic Underground Inc reported income of $588k and spending of $596k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $458k to $588k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holistic Underground Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Doxology Inc ($588k), Northwest Minnesota Arts Council ($588k) and Present Music Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $250k. At year end it held assets of $256k against liabilities of $5,030, net assets of $251k. It reported 9 employees.