Holston Homes for Elderly

Analysis

Holston Homes for Elderly is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in July 1987, 39 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 (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 Homes for Elderly reported income of $767k and spending of $766k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $717k to $767k (+6.9%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holston Homes for Elderly sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Providence Gamelin House Association ($767k), Luther Towers of Dover Inc ($767k) and Dalton Whitfield Community Development Corporation ($767k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $2.3m against liabilities of $3.2m, net assets of -$876k.