Holmes House Child Care Center Inc

Analysis

Holmes House Child Care Center Inc is a registered charity in United States, based in Bayou Goula, LA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Holmes House Child Care Center Inc reported income of $445k and spending of $576k, spending 130% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $415k to $445k (+7.2%), an average of +7.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes House Child Care Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Bainbridge Advocacy Individual Network Inc ($445k), Psi Services of Indiana Inc ($445k) and Golf Fore Charity Inc ($445k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $45k (7.8% of expenses). Other salaries and wages came to $155k. At year end it held assets of $414k against liabilities of $414k, net assets of $0.