Hollis Foundation Inc
Hollis Foundation Inc faces significant financial decline with assets shrinking by over 60% and revenue by over 95% in a decade.
EIN: 205584390 · Columbus, MS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $36K |
| Program Spending | 80% |
| Net Assets | $406K |
| Transparency Score | 45/100 |
Is Hollis Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hollis Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hollis Foundation Inc
Hollis Foundation Inc (EIN: 205584390) is a nonprofit organization based in Columbus, MS, classified under NTEE code T20. The organization reported total revenue of $143K and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hollis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hollis Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $36K |
| Surplus / Deficit | $-31,739 |
| Total Assets | $406K |
| Total Liabilities | $1 |
| Net Assets | $406K |
| Operating Margin | -670.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.6 months |
Financial Health Grade: B
In 2023, Hollis Foundation Inc reported a deficit of $32K with expenses exceeding revenue, holds 133.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hollis Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.3% | -35.6% | -7.2% |
| 2022 | -67.7% | -62.0% | -6.9% |
| 2021 | +65.0% | +103.7% | -13.7% |
| 2020 | +15.1% | -46.9% | -4.9% |
| 2019 | -43.4% | +3.0% | -48.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hollis Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hollis Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly efficient for an organization of this size, especially given its declining financial resources.
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 Hollis Foundation Inc's IRS 990 filings:
- Consistent and significant decline in revenue over the past decade (from $193,501 in 2013 to $4,733 in 2023).
- Sustained operational deficits where expenses frequently exceed revenue, leading to asset depletion.
- Over 60% reduction in total assets from $1,259,509 in 2013 to $406,144 in 2023.
- Lack of detailed expense breakdown in the provided data, making it difficult to assess program efficiency precisely.
Strengths
The following positive indicators were identified for Hollis Foundation Inc:
- Zero executive compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Minimal liabilities reported ($1 in recent years), suggesting good financial solvency in terms of debt.
- Long history of filing IRS 990s, indicating a commitment to transparency in reporting.
Frequently Asked Questions about Hollis Foundation Inc
Is Hollis Foundation Inc a legitimate charity?
Hollis Foundation Inc (EIN: 205584390) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $143K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hollis Foundation Inc spend its money?
Hollis Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hollis Foundation Inc tax-deductible?
Hollis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205584390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hollis Foundation Inc's spending goes to programs?
Hollis Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hollis Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Hollis Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hollis Foundation Inc located?
Hollis Foundation Inc is headquartered in Columbus, Mississippi and files with the IRS under EIN 205584390. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hollis Foundation Inc have?
Hollis Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $143K in total revenue.
What is the primary cause of the significant and sustained decline in revenue and assets?
The provided data does not specify the reasons for the decline, but it is a critical area for further investigation to understand the organization's operational challenges.
How does Hollis Foundation Inc cover its expenses when revenue is consistently lower than expenses?
The organization appears to be drawing down its assets to cover operational deficits, as indicated by the continuous decrease in total assets over the years while expenses often exceed revenue.
What specific programs does Hollis Foundation Inc operate, and what is their impact?
The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests it may be a grantmaking entity, but the filings do not provide details on specific programs or their outcomes.
What is the organization's strategy to reverse the trend of declining financial resources?
The financial data does not include strategic plans, but the current trajectory suggests a need for significant intervention to ensure long-term sustainability.
Filing History
IRS 990 filing history for Hollis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hollis Foundation Inc's revenue has declined by 96.1%, moving from $122K to $5K. Total assets decreased by 64.5% over the same period, from $1.1M to $406K. Total functional expenses fell by 64.8%, from $104K to $36K. In its most recent filing year (2023), Hollis Foundation Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $1 in liabilities against $406K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $406K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $36K | $406K | $1 | — | — |
| 2022 | $24K | $57K | $438K | $1 | — | View 990 |
| 2021 | $75K | $149K | $470K | $1 | — | — |
| 2020 | $45K | $73K | $545K | $1 | — | View 990 |
| 2019 | $39K | $138K | $573K | $1 | — | View 990 |
| 2015 | $69K | $134K | $1.1M | $0 | — | View 990 |
| 2014 | $60K | $136K | $1.2M | $0 | — | View 990 |
| 2013 | $194K | $121K | $1.3M | $0 | — | View 990 |
| 2012 | $166K | $122K | $1.2M | $804 | — | View 990 |
| 2011 | $122K | $104K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $36K, and assets of $406K (revenue -80.3% year-over-year).
- 2022: Revenue of $24K, expenses of $57K, and assets of $438K (revenue -67.7% year-over-year).
- 2021: Revenue of $75K, expenses of $149K, and assets of $470K (revenue +65.0% year-over-year).
- 2020: Revenue of $45K, expenses of $73K, and assets of $545K (revenue +15.1% year-over-year).
- 2019: Revenue of $39K, expenses of $138K, and assets of $573K (revenue -43.4% year-over-year).
- 2015: Revenue of $69K, expenses of $134K, and assets of $1.1M (revenue +15.3% year-over-year).
- 2014: Revenue of $60K, expenses of $136K, and assets of $1.2M (revenue -69.0% year-over-year).
- 2013: Revenue of $194K, expenses of $121K, and assets of $1.3M (revenue +16.6% year-over-year).
- 2012: Revenue of $166K, expenses of $122K, and assets of $1.2M (revenue +36.5% year-over-year).
- 2011: Revenue of $122K, expenses of $104K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hollis Foundation Inc:
Data Sources and Methodology
This transparency report for Hollis Foundation Inc 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.