Holly Way Elderly Housing Inc

Analysis

Holly Way Elderly Housing Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Holly Way Elderly Housing Inc reported income of $166k and spending of $166k, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $159k to $166k (+4.8%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holly Way Elderly Housing Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Grove Senior Housing Inc ($166k), Asi Rogers Inc ($167k) and Faith Project Incorporated ($166k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $822k against liabilities of $19k, net assets of $803k.