Holiday City Organization
Holiday City Organization: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 221843518 · Toms River, NJ · Updated: 2026-04-04
Is Holiday City Organization Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holiday City Organization directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Holiday City Organization
Holiday City Organization (EIN: 221843518) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $350K and total assets of $644K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holiday City Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holiday City Organization with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Holiday City Organization allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a direct assessment of its reasonableness challenging without further information.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Holiday City Organization's IRS 990 filings:
- Revenue has shown a consistent decline from $400,446 in 2019 to $311,838 in 2023, indicating potential sustainability issues.
- Expenses consistently exceed revenue, with a deficit of $114,817 in 2023 ($311,838 revenue vs. $426,655 expenses), eroding assets.
- Total assets have decreased from $1,053,986 in 2021 to $816,299 in 2023, suggesting financial instability.
Strengths
The following positive indicators were identified for Holiday City Organization:
- The organization has maintained a consistent presence in Toms River, NJ, for several years.
- Despite financial challenges, the organization has continued to operate and incur expenses, suggesting ongoing activities.
Frequently Asked Questions about Holiday City Organization
Is Holiday City Organization a legitimate charity?
Based on AI analysis of IRS 990 filings, Holiday City Organization (EIN: 221843518) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Holiday City Organization spend its money?
Holiday City Organization directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holiday City Organization tax-deductible?
Holiday City Organization is registered as a tax-exempt nonprofit (EIN: 221843518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Holiday City Organization do?
Holiday City Organization is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Holiday City Organization have?
Holiday City Organization reported total revenue of $349,732. Based on 13 IRS 990 filings on record.
What are Holiday City Organization's total assets?
Holiday City Organization holds total assets of $644,154 as reported in IRS 990 filings.
Where is Holiday City Organization located?
Holiday City Organization is based in Toms River, New Jersey.
What is Holiday City Organization's EIN?
Holiday City Organization's Employer Identification Number (EIN) is 221843518. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holiday City Organization?
Holiday City Organization is classified under NTEE code Unknown (Unknown).
Is Holiday City Organization a registered 501(c)(3)?
Holiday City Organization appears in IRS records (EIN: 221843518). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Holiday City Organization file IRS Form 990?
Yes, Holiday City Organization has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holiday City Organization's revenue in 2023?
In the 202312 filing period, Holiday City Organization reported total revenue of $311,838, total expenses of $426,655, and net assets of $816,299.
Is Holiday City Organization's revenue growing or declining?
Holiday City Organization's revenue is growing. Revenue went from $288,248 (202212) to $311,838 (202312), a +8.2% change. Based on 13 filings on record.
What is Holiday City Organization's most recent 990 filing?
The most recent IRS Form 990 filing for Holiday City Organization covers tax period 202312. It shows revenue of $311,838, expenses of $426,655, total assets of $816,299, and liabilities of $62,189.
How much does Holiday City Organization spend on programs vs administration?
Based on IRS 990 analysis, Holiday City Organization allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Holiday City Organization a trustworthy charity?
Based on AI analysis of IRS 990 data, Holiday City Organization shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Holiday City Organization?
The following concerns were identified: Revenue has shown a consistent decline from $400,446 in 2019 to $311,838 in 2023, indicating potential sustainability issues.. Expenses consistently exceed revenue, with a deficit of $114,817 in 2023 ($311,838 revenue vs. $426,655 expenses), eroding assets.. Total assets have decreased from $1,053,986 in 2021 to $816,299 in 2023, suggesting financial instability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holiday City Organization's strengths?
Positive indicators for Holiday City Organization include: The organization has maintained a consistent presence in Toms River, NJ, for several years.. Despite financial challenges, the organization has continued to operate and incur expenses, suggesting ongoing activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Holiday City Organization compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a direct assessment of its reasonableness challenging without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific strategies are being implemented to reverse the trend of declining revenue and increasing deficits?
The provided data does not detail specific strategies for revenue generation or cost control, which is crucial given the consistent financial deficits.
How does the organization plan to address the significant reduction in total assets over the past few years?
The decrease in assets from over $1 million to $816,299 in just two years is a critical concern, and the filings do not outline a plan to stabilize or grow assets.
Filing History
IRS 990 filing history for Holiday City Organization showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holiday City Organization's revenue has grown by 8.9%, moving from $286K to $312K. Total assets increased by 42.4% over the same period, from $573K to $816K. Total functional expenses rose by 38%, from $309K to $427K. In its most recent filing year (2023), Holiday City Organization reported a deficit of $115K, with expenses exceeding revenue. The organization holds $62K in liabilities against $816K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $754K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $427K | $816K | $62K | — | — |
| 2022 | $288K | $415K | $922K | $53K | — | View 990 |
| 2021 | $290K | $298K | $1.1M | $58K | — | View 990 |
| 2020 | $331K | $297K | $1.0M | $34K | — | View 990 |
| 2019 | $400K | $320K | $999K | $29K | — | View 990 |
| 2018 | $385K | $319K | $922K | $33K | — | View 990 |
| 2017 | $379K | $287K | $858K | $34K | — | View 990 |
| 2016 | $360K | $274K | $761K | $29K | — | View 990 |
| 2015 | $333K | $271K | $674K | $28K | — | View 990 |
| 2014 | $332K | $291K | $617K | $33K | — | View 990 |
| 2013 | $315K | $267K | $572K | $29K | — | View 990 |
| 2012 | $288K | $328K | $531K | $35K | — | View 990 |
| 2011 | $286K | $309K | $573K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $427K, and assets of $816K (revenue +8.2% year-over-year).
- 2022: Revenue of $288K, expenses of $415K, and assets of $922K (revenue -0.5% year-over-year).
- 2021: Revenue of $290K, expenses of $298K, and assets of $1.1M (revenue -12.4% year-over-year).
- 2020: Revenue of $331K, expenses of $297K, and assets of $1.0M (revenue -17.4% year-over-year).
- 2019: Revenue of $400K, expenses of $320K, and assets of $999K (revenue +4.1% year-over-year).
- 2018: Revenue of $385K, expenses of $319K, and assets of $922K (revenue +1.6% year-over-year).
- 2017: Revenue of $379K, expenses of $287K, and assets of $858K (revenue +5.2% year-over-year).
- 2016: Revenue of $360K, expenses of $274K, and assets of $761K (revenue +8.1% year-over-year).
- 2015: Revenue of $333K, expenses of $271K, and assets of $674K (revenue +0.4% year-over-year).
- 2014: Revenue of $332K, expenses of $291K, and assets of $617K (revenue +5.4% year-over-year).
- 2013: Revenue of $315K, expenses of $267K, and assets of $572K (revenue +9.3% year-over-year).
- 2012: Revenue of $288K, expenses of $328K, and assets of $531K (revenue +0.5% year-over-year).
- 2011: Revenue of $286K, expenses of $309K, and assets of $573K.
Data Sources and Methodology
This transparency report for Holiday City Organization is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.