Holly Ridge Center Inc

Analysis

Holly Ridge Center Inc is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in August 1965, 61 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, Holly Ridge Center Inc reported income of $6.6m and spending of $6.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $6.6m (+0.5%), an average of +0.1% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holly Ridge Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Minnies Food Pantry Inc ($6.6m), Alternative Rehabilitation Communities Inc ($6.6m) and Eagles Nest Regeneration ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $118k (1.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $9.2m against liabilities of $1.5m, net assets of $7.7m. It reported 98 employees.