Holly Street Corporation

Analysis

Holly Street Corporation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2023, Holly Street Corporation reported income of $1.7m and spending of $1.1m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Street Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Life Camp Inc ($1.7m), Disability Network Lakeshore ($1.7m) and A Place at the Table ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 65% of the total. Other salaries and wages came to $793k. At year end it held assets of $2.2m against liabilities of $36k, net assets of $2.1m. It reported 33 employees.