Holy Spirit Retreat Center Inc

Analysis

Holy Spirit Retreat Center Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Spirit Retreat Center Inc reported income of $665k and spending of $818k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $800k to $665k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Spirit Retreat Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Podeh Umatzel Inc ($665k), Wesleyan Fellowship Partners Inc ($665k) and Sparrow Clubs U S a ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $339k. At year end it held assets of $185k against liabilities of $847k, net assets of -$662k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.