Holdsworth Center

Analysis

Holdsworth Center is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Holdsworth Center reported income of $35.6m and spending of $35.0m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $95.8m to $35.6m (-63%), an average of -22% a year. The sharpest change came in the year to May 2022, when income dropped by 59%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Holdsworth Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Orange Countys United Way ($35.4m), Community Foundation of Elkhart County Inc ($35.7m) and Associated Jewish Charities of Baltimore ($35.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $1.6m (4.6% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $206.7m against liabilities of $5.8m, net assets of $201.0m. It reported 79 employees.