Holly Springs Senior Citizens Home Inc

Analysis

Holly Springs Senior Citizens Home Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Holly Springs Senior Citizens Home Inc reported income of $879k and spending of $880k, spending 100% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $789k to $879k (+11%), an average of +2.7% a year. The sharpest change came in the year to February 2023, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Springs Senior Citizens Home Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Slavic Community Center of NW Inc ($879k), Key Peninsula Bischoff Food Bank ($879k) and Jungle Kids for Christ Inc ($879k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $568k. At year end it held assets of $74k against liabilities of $8,149, net assets of $66k. It reported 31 employees.