Holly Homes Inc

Analysis

Holly Homes Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Holly Homes Inc reported income of $75k and spending of $112k, spending 148% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $90k to $75k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Homes Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Cape Verdean Women United Inc ($75k), From Fauna Inc ($75k) and Love County Senior Program ($75k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $404k against liabilities of $67k, net assets of $337k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.