Holstein Development Authority

Analysis

Holstein Development Authority is a registered charity in United States, based in Holstein, IA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Holstein Development Authority reported income of $115k and spending of $85k, leaving 26% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $65k to $115k (+76%), an average of +76% a year. The sharpest change came in the year to November 2023, when income rose by 76%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Holstein Development Authority sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Carrie Lynn Childrens Center Inc ($115k), Good Sheperd Coalition ($115k) and The Parking Industry Institute ($115k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.