Hollingsworth Funds Inc
124 Verdae Blvd Ste 502, Greenville, SC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $18,619,297 | $17,878,851 | $405,819,686 |
| FY2023 | $10,530,144 | $16,157,579 | $392,604,740 |
| FY2022 | $12,829,828 | $14,906,078 | $374,822,220 |
| FY2021 | $16,217,811 | $15,626,643 | $414,454,583 |
| FY2020 | $12,387,637 | $14,907,822 | $392,076,330 |
| FY2019 | $12,931,815 | $11,926,719 | $379,538,268 |
| FY2018 | $13,717,010 | $12,909,608 | $354,089,507 |
| FY2017 | $13,005,779 | $10,237,720 | $371,434,088 |
| FY2016 | $12,371,817 | $12,042,241 | $356,197,826 |
| FY2015 | $13,788,930 | $9,352,562 | $352,593,651 |
| FY2014 | $10,902,400 | $12,558,987 | $354,809,582 |
| FY2013 | $17,866,184 | $11,807,381 | $358,251,887 |
| FY2012 | $13,895,674 | $6,290,287 | $348,435,671 |
| FY2011 | $11,574,978 | $5,093,947 | $338,359,802 |
Form 990 filings
The returns filed by Hollingsworth Funds Inc (EIN 57-1003814), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $0 | 0% |
| Other revenue | $18,619,297 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,175,915 | 74% |
| Management & general | $4,702,936 | 26% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2024.
- Program services accounted for 74% of functional expenses, management & general 26%, and fundraising 0%.
- 74% of functional expenses went to program services in FY2024. That is higher than 9.3% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in SC for a state comparison).
- Net assets covered about 272.4 months of expenses at the end of the reporting year. That puts it in the 89th percentile among 587 Philanthropy, Voluntarism & Grantmaking Foundations organizations in SC.
- Total revenue was higher than 98.5% of 612 Philanthropy, Voluntarism & Grantmaking Foundations organizations in SC.
- Total revenue rose from $11,574,978 in FY2011 to $18,619,297 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2014, FY2020, FY2022, FY2023).
- Net assets grew from $338,359,802 to $405,819,686 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
HOLLINGSWORTH FUNDS IS A SUPPORTING ORGANIZATION TO WHICH APPROXIMATELY 45% OF THE ANNUAL DISTRIBUTIONS ARE AWARDED TO FURMAN UNIVERSITY, APPROXIMATELY 10% TO THE GREENVILLE YMCA, AND THE REMAINDER TO PUBLIC CHARITIES THAT OPERATE OR CONDUCT AFFAIRS FOR THE BENEFIT OF GREENVILLE COUNTY.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T11 — Philanthropy, Voluntarism & Grantmaking Foundations (in SC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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