Holiday House of Portsmouth Inc

Analysis

Holiday House of Portsmouth Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in December 1982, 44 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 House of Portsmouth Inc reported income of $8.2m and spending of $8.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.2m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holiday House of Portsmouth Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Neighbors Link Corp ($8.2m), Riversport Foundation ($8.2m) and Prairieland Service Coordination Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $124k (1.5% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $4.7m against liabilities of $3.0m, net assets of $1.7m. It reported 166 employees.