Holly Hill Academy Inc

Analysis

Holly Hill Academy Inc is a registered charity in United States, based in Holly Hill, SC. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Holly Hill Academy Inc reported income of $2.0m and spending of $2.2m, spending 108% of what it took in. Across the 4 years on record, from June 2019 to June 2024, income grew from $1.3m to $2.0m (+59%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holly Hill Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Our Turn Inc ($2.0m), Communities in Schools of Permian Basin Inc ($2.0m) and Learning for Life Charter School ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $103k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $37k, net assets of $2.4m. It reported 57 employees.