Holt Brothers Foundation Inc

Analysis

Holt Brothers Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Holt Brothers Foundation Inc reported income of $256k and spending of $450k, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $323k to $256k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Holt Brothers Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Philoscare Corp ($256k), The Union Printers Home Foundation ($256k) and United Way of Virginias Eastern Shore Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $89k (20% of expenses). At year end it held assets of $456k against liabilities of $68k, net assets of $389k. It reported 1 employees.