Holland Home

Analysis

Holland Home is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Holland Home reported income of $80.4m and spending of $78.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.5m to $80.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holland Home sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Young Mens Christian Association of Metropolitan Los Angeles ($80.4m), Rocky Mountain Human Services ($80.6m) and Boston Health Care for the Homeless Program Inc ($80.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $861k (1.1% of expenses). Other salaries and wages came to $38.5m. It paid $11k in professional fundraising fees. At year end it held assets of $263.5m against liabilities of $240.4m, net assets of $23.1m. It reported 1,324 employees.