Holmes Christmas Club

Analysis

Holmes Christmas Club is a registered charity in United States, based in Clarion, IA. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Holmes Christmas Club reported income of $70k and spending of $60k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $70k (+3.2%), an average of +3.2% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes Christmas Club sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within IA. Charities of a similar size with the same main cause include Bradleys Equine Assisted Therapeutic Riding Center Inc ($70k), New Food Economy Inc ($70k) and Torch Foundation ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.