Holy Family Radio

Analysis

Holy Family Radio is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Family Radio reported income of $393k and spending of $455k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $471k to $393k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Family Radio sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Richard Pearson Ministries Inc ($393k), Makarios Ministries Inc ($394k) and Journey Counseling Ministries Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $80k (18% of expenses). Other salaries and wages came to $140k. At year end it held assets of $856k against liabilities of $298k, net assets of $557k. It reported 6 employees.