Holston Development Corporation

Analysis

Holston Development Corporation is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Holston Development Corporation reported income of $73k and spending of $61k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $73k (+6.2%), an average of +6.2% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holston Development Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Healing Flats ($73k), Barnett-Searing National Cancer Foundation ($73k) and Sanctuary Foundation Inc ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $127k against liabilities of $73k, net assets of $54k.