Holycroft Foundation Incorporated
EIN: 61347353 · New Haven, CT · NTEE: A70
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $25K |
| Net Assets | $4K |
Is Holycroft Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holycroft Foundation Incorporated
Holycroft Foundation Incorporated (EIN: 61347353) is a nonprofit organization based in New Haven, CT, classified under NTEE code A70. The organization reported total revenue of $23K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holycroft Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holycroft Foundation Incorporated is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $25K |
| Surplus / Deficit | $-2,393 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -10.6% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2024, Holycroft Foundation Incorporated reported a deficit of $2K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2024), Holycroft Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -17.1% | -31.9% | -61.5% |
| 2022 | -18.6% | +12.7% | +33351.5% |
| 2019 | -6.2% | +18.2% | -90.6% |
| 2018 | +23.2% | +0.4% | +91.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holycroft Foundation Incorporated 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 Holycroft Foundation Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Holycroft Foundation Incorporated
Is Holycroft Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Holycroft Foundation Incorporated (EIN: 61347353) insufficient data. 0 red flags identified, 0 strengths noted.
How does Holycroft Foundation Incorporated spend its money?
Detailed spending breakdown data is not yet available for Holycroft Foundation Incorporated. Check back for updated IRS 990 analysis.
Are donations to Holycroft Foundation Incorporated tax-deductible?
Holycroft Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 61347353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holycroft Foundation Incorporated located?
Holycroft Foundation Incorporated is headquartered in New Haven, Connecticut and files with the IRS under EIN 61347353. It is classified under NTEE code A70.
How many years of IRS 990 filings does Holycroft Foundation Incorporated have?
Holycroft Foundation Incorporated 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 $23K in total revenue.
Filing History
IRS 990 filing history for Holycroft Foundation Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Holycroft Foundation Incorporated's revenue has declined by 40.8%, moving from $38K to $23K. Total assets increased by 403% over the same period, from $845 to $4K. Total functional expenses fell by 44.6%, from $45K to $25K. In its most recent filing year (2024), Holycroft Foundation Incorporated reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $23K | $25K | $4K | $0 | — | — |
| 2022 | $27K | $37K | $11K | $0 | — | — |
| 2019 | $34K | $33K | $33 | $20K | — | View 990 |
| 2018 | $36K | $28K | $352 | $22K | — | View 990 |
| 2017 | $29K | $27K | $184 | $30K | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
| 2014 | $17K | $25K | $7K | $35K | — | View 990 |
| 2013 | $23K | $30K | $7K | $28K | — | View 990 |
| 2012 | $18K | $24K | $854 | $22K | — | View 990 |
| 2011 | $38K | $45K | $845 | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $23K, expenses of $25K, and assets of $4K (revenue -17.1% year-over-year).
- 2022: Revenue of $27K, expenses of $37K, and assets of $11K (revenue -18.6% year-over-year).
- 2019: Revenue of $34K, expenses of $33K, and assets of $33 (revenue -6.2% year-over-year).
- 2018: Revenue of $36K, expenses of $28K, and assets of $352 (revenue +23.2% year-over-year).
- 2017: Revenue of $29K, expenses of $27K, and assets of $184.
- 2016: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $17K, expenses of $25K, and assets of $7K (revenue -23.7% year-over-year).
- 2013: Revenue of $23K, expenses of $30K, and assets of $7K (revenue +30.6% year-over-year).
- 2012: Revenue of $18K, expenses of $24K, and assets of $854 (revenue -54.2% year-over-year).
- 2011: Revenue of $38K, expenses of $45K, and assets of $845.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holycroft Foundation Incorporated:
Data Sources and Methodology
This transparency report for Holycroft Foundation Incorporated 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.