Holmes Child Care Center Inc

Analysis

Holmes Child Care Center Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 1978, 48 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 December 2023, Holmes Child Care Center Inc reported income of $428k and spending of $341k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $428k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes Child Care Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Peterson Outdoors Ministries ($428k), Dalhart Senior Citizens Association ($428k) and A Lot of Good ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $41k (12% of expenses). At year end it held assets of $264k against liabilities of $43k, net assets of $221k. It reported 13 employees.