Holiday Park Seniors Inc

Analysis

Holiday Park Seniors Inc is a registered charity in United States, based in Wheaton, MD. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Holiday Park Seniors Inc reported income of $138k and spending of $170k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $248k to $138k (-44%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 321%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holiday Park Seniors Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include North American Congress on Latin America ($138k), Saddles for Soldiers Inc ($138k) and His House Foundation ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $12k (7.2% of expenses). At year end it held assets of $147k against liabilities of $0, net assets of $147k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.