Holston Home for Children Inc

Analysis

Holston Home for Children Inc is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in September 1946, 80 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 2023, Holston Home for Children Inc reported income of $15.5m and spending of $13.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $15.5m (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holston Home for Children 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 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Sasha Bruce Youthwork Inc ($15.4m), Northeast Iowa Comm Action Corp ($15.5m) and Expanded Schools Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $588k (4.2% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $30.2m against liabilities of $1.1m, net assets of $29.1m. It reported 239 employees.