Hollingsworth Funds Inc

Analysis

Hollingsworth Funds Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 1994, 32 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hollingsworth Funds Inc reported income of $10.5m and spending of $16.2m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.9m to $10.5m (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hollingsworth Funds Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Weiser Charitable Foundation ($10.5m), Urban Renewal Initiative Foundation ($10.5m) and Lehigh Valley Community Foundation ($10.5m).

Compensation of current officers, directors and key employees was $591k (3.7% of expenses). Other salaries and wages came to $599k. At year end it held assets of $394.2m against liabilities of $1.6m, net assets of $392.6m. It reported 9 employees.