Holly Forest Association
EIN: 570558211 · Sapphire, NC
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $960K |
| Net Assets | $429K |
Is Holly Forest Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holly Forest Association
Holly Forest Association (EIN: 570558211) is a nonprofit organization based in Sapphire, NC. The organization reported total revenue of $1.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holly Forest Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holly Forest Association is a mid-size nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $858K |
| Total Expenses | $960K |
| Surplus / Deficit | $-102,820 |
| Total Assets | $904K |
| Total Liabilities | $475K |
| Net Assets | $429K |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 52.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: C
In 2022, Holly Forest Association reported a deficit of $103K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 52.6% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Holly Forest Association's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +5.2% | -16.0% | -19.5% |
| 2021 | -1.3% | +72.1% | -15.1% |
| 2020 | +10.2% | -23.2% | +19.1% |
| 2019 | -8.9% | +18.2% | -17.5% |
| 2018 | -0.1% | -20.7% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holly Forest Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holly Forest Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.6%.
Frequently Asked Questions about Holly Forest Association
Is Holly Forest Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Holly Forest Association (EIN: 570558211) insufficient data. 0 red flags identified, 0 strengths noted.
How does Holly Forest Association spend its money?
Detailed spending breakdown data is not yet available for Holly Forest Association. Check back for updated IRS 990 analysis.
Are donations to Holly Forest Association tax-deductible?
Holly Forest Association is registered as a tax-exempt nonprofit (EIN: 570558211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holly Forest Association located?
Holly Forest Association is headquartered in Sapphire, North Carolina and files with the IRS under EIN 570558211.
How many years of IRS 990 filings does Holly Forest Association have?
Holly Forest Association has 12 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Holly Forest Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Holly Forest Association's revenue has grown by 22.9%, moving from $698K to $858K. Total assets decreased by 11.4% over the same period, from $1.0M to $904K. Total functional expenses rose by 49.1%, from $644K to $960K. In its most recent filing year (2022), Holly Forest Association reported a deficit of $103K, with expenses exceeding revenue. The organization holds $475K in liabilities against $904K in assets (debt-to-asset ratio: 52.6%), resulting in net assets of $429K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $858K | $960K | $904K | $475K | — | — |
| 2021 | $815K | $1.1M | $1.1M | $592K | — | View 990 |
| 2020 | $826K | $665K | $1.3M | $463K | — | — |
| 2019 | $750K | $865K | $1.1M | $412K | — | View 990 |
| 2018 | $823K | $732K | $1.3M | $446K | — | View 990 |
| 2017 | $824K | $924K | $1.3M | $532K | — | View 990 |
| 2016 | $810K | $773K | $1.3M | $427K | — | View 990 |
| 2015 | $806K | $762K | $1.3M | $415K | — | View 990 |
| 2014 | $732K | $759K | $1.2M | $416K | — | View 990 |
| 2013 | $790K | $711K | $1.3M | $407K | — | View 990 |
| 2012 | $752K | $649K | $846K | $69K | — | View 990 |
| 2011 | $698K | $644K | $1.0M | $348K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $858K, expenses of $960K, and assets of $904K (revenue +5.2% year-over-year).
- 2021: Revenue of $815K, expenses of $1.1M, and assets of $1.1M (revenue -1.3% year-over-year).
- 2020: Revenue of $826K, expenses of $665K, and assets of $1.3M (revenue +10.2% year-over-year).
- 2019: Revenue of $750K, expenses of $865K, and assets of $1.1M (revenue -8.9% year-over-year).
- 2018: Revenue of $823K, expenses of $732K, and assets of $1.3M (revenue -0.1% year-over-year).
- 2017: Revenue of $824K, expenses of $924K, and assets of $1.3M (revenue +1.7% year-over-year).
- 2016: Revenue of $810K, expenses of $773K, and assets of $1.3M (revenue +0.6% year-over-year).
- 2015: Revenue of $806K, expenses of $762K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2014: Revenue of $732K, expenses of $759K, and assets of $1.2M (revenue -7.3% year-over-year).
- 2013: Revenue of $790K, expenses of $711K, and assets of $1.3M (revenue +5.1% year-over-year).
- 2012: Revenue of $752K, expenses of $649K, and assets of $846K (revenue +7.7% year-over-year).
- 2011: Revenue of $698K, expenses of $644K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holly Forest Association:
Data Sources and Methodology
This transparency report for Holly Forest Association 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.