Hola Lakeway

Analysis

Hola Lakeway is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in March 2019, 7 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, Hola Lakeway reported income of $248k and spending of $262k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $112k to $248k (+121%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hola Lakeway sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Cfo Rising Inc ($248k), Community Services Council Inc of Fort Madison Iowa ($248k) and Serve Reedley Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $31k (12% of expenses). Other salaries and wages came to $55k. At year end it held assets of $363k against liabilities of $313k, net assets of $50k. It reported 14 employees.