Holland Energy Fund

Analysis

Holland Energy Fund is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Holland Energy Fund reported income of $354k and spending of $182k, leaving 48% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $360k to $354k (-1.7%), an average of -0.3% a year. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holland Energy Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Wisconsin Care Systems Inc ($353k), Acadia Elderly Housing Development Corporation II ($354k) and Metro Interfaith Services Incorporated ($353k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 15% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.7m against liabilities of $609k, net assets of $1.1m.