Hollys House Inc
Hollys House Inc. saw a significant revenue surge in 2023, maintaining strong asset levels and reporting no officer compensation.
EIN: 204475135 · Evansville, IN · NTEE: P43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $724K |
| Total Expenses | $758K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $488k |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Hollys House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hollys House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hollys House Inc
Hollys House Inc (EIN: 204475135) is a nonprofit organization based in Evansville, IN, classified under NTEE code P43. The organization reported total revenue of $724K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hollys House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hollys House Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $758K |
| Surplus / Deficit | +$522K |
| Total Assets | $1.9M |
| Total Liabilities | $24K |
| Net Assets | $1.8M |
| Operating Margin | 40.8% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, Hollys House Inc reported a surplus of $522K with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hollys House Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +130.8% | +11.8% | +37.5% |
| 2022 | -13.7% | +1.8% | -9.3% |
| 2021 | +6.8% | +10.9% | +5.5% |
| 2020 | -3.6% | -6.6% | +1.2% |
| 2019 | +7.1% | +3.2% | -2.8% |
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 Hollys House Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hollys House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $522K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer roles, which is highly favorable for an organization of its size (revenue ranging from $488k to $1.2M).
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 Hollys House Inc's IRS 990 filings:
- Prior to 2023, expenses frequently exceeded revenue, indicating potential reliance on reserves or prior surpluses.
Strengths
The following positive indicators were identified for Hollys House Inc:
- Significant revenue growth in 2023 to $1,280,332, indicating increased support or successful fundraising.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in resource allocation.
- Stable asset base, averaging over $1.4 million, providing financial security.
- Low liabilities relative to assets, indicating sound financial management.
- Consistent filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Hollys House Inc
Is Hollys House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hollys House Inc (EIN: 204475135) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Hollys House Inc spend its money?
Hollys House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hollys House Inc tax-deductible?
Hollys House Inc is registered as a tax-exempt nonprofit (EIN: 204475135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hollys House Inc CEO make?
Hollys House Inc's highest-compensated officer earns $488k annually. The organization reported $724K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hollys House Inc's spending goes to programs?
Hollys House Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hollys House Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hollys House Inc is above average for NTEE category P43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hollys House Inc located?
Hollys House Inc is headquartered in Evansville, Indiana and files with the IRS under EIN 204475135. It is classified under NTEE code P43.
How many years of IRS 990 filings does Hollys House Inc have?
Hollys House Inc has 14 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 $724K in total revenue.
Is Hollys House Inc. a good charity?
Based on the available financial data, Hollys House Inc. appears to be a very good charity. It demonstrates strong financial management, particularly with its consistent asset base and the significant revenue growth in 2023. The reported 0% officer compensation is a strong indicator of efficient resource allocation towards its mission.
How has Hollys House Inc.'s financial health changed over time?
For most of the past decade (2014-2022), Hollys House Inc. operated with relatively stable revenue and expenses, often with expenses slightly exceeding revenue. However, in 2023, the organization experienced a substantial positive shift, with revenue more than doubling to $1,280,332, leading to a significant surplus and improved financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation on its IRS 990 filings. This suggests a commitment to directing funds primarily to programs and operations, or that executive leadership roles are filled by volunteers or compensated in ways not classified as officer compensation.
Filing History
IRS 990 filing history for Hollys House Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hollys House Inc's revenue has grown by 286%, moving from $332K to $1.3M. Total assets increased by 40.4% over the same period, from $1.3M to $1.9M. Total functional expenses rose by 174.8%, from $276K to $758K. In its most recent filing year (2023), Hollys House Inc reported a surplus of $522K, with revenue exceeding expenses. The organization holds $24K in liabilities against $1.9M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $758K | $1.9M | $24K | — | — |
| 2022 | $555K | $678K | $1.4M | $37K | — | View 990 |
| 2021 | $643K | $666K | $1.5M | $45K | — | View 990 |
| 2020 | $602K | $600K | $1.4M | $30K | — | View 990 |
| 2019 | $624K | $643K | $1.4M | $16K | — | View 990 |
| 2018 | $583K | $623K | $1.4M | $50K | — | View 990 |
| 2017 | $500K | $570K | $1.5M | $23K | — | — |
| 2016 | $553K | $502K | $1.5M | $36K | — | View 990 |
| 2015 | $489K | $505K | $1.5M | $21K | — | View 990 |
| 2014 | $493K | $472K | $1.5M | $15K | — | View 990 |
| 2013 | $440K | $397K | $1.5M | $22K | — | View 990 |
| 2012 | $362K | $356K | $1.4M | $13K | — | View 990 |
| 2011 | $433K | $357K | $1.4M | $20K | — | View 990 |
| 2010 | $332K | $276K | $1.3M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $758K, and assets of $1.9M (revenue +130.8% year-over-year).
- 2022: Revenue of $555K, expenses of $678K, and assets of $1.4M (revenue -13.7% year-over-year).
- 2021: Revenue of $643K, expenses of $666K, and assets of $1.5M (revenue +6.8% year-over-year).
- 2020: Revenue of $602K, expenses of $600K, and assets of $1.4M (revenue -3.6% year-over-year).
- 2019: Revenue of $624K, expenses of $643K, and assets of $1.4M (revenue +7.1% year-over-year).
- 2018: Revenue of $583K, expenses of $623K, and assets of $1.4M (revenue +16.5% year-over-year).
- 2017: Revenue of $500K, expenses of $570K, and assets of $1.5M (revenue -9.4% year-over-year).
- 2016: Revenue of $553K, expenses of $502K, and assets of $1.5M (revenue +13.0% year-over-year).
- 2015: Revenue of $489K, expenses of $505K, and assets of $1.5M (revenue -0.9% year-over-year).
- 2014: Revenue of $493K, expenses of $472K, and assets of $1.5M (revenue +12.2% year-over-year).
- 2013: Revenue of $440K, expenses of $397K, and assets of $1.5M (revenue +21.4% year-over-year).
- 2012: Revenue of $362K, expenses of $356K, and assets of $1.4M (revenue -16.4% year-over-year).
- 2011: Revenue of $433K, expenses of $357K, and assets of $1.4M (revenue +30.5% year-over-year).
- 2010: Revenue of $332K, expenses of $276K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hollys House Inc:
Data Sources and Methodology
This transparency report for Hollys House 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.