Mt Holiday Inc

Analysis

Mt Holiday Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Mt Holiday Inc reported income of $1.2m and spending of $933k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $633k to $1.2m (+92%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mt Holiday Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Streethopetn ($1.2m), Illinois Womens Soccer League ($1.2m) and Lake Country Youth Soccer Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 38% of the total. Other salaries and wages came to $297k. At year end it held assets of $1.7m against liabilities of $235k, net assets of $1.4m. It reported 85 employees.