Holland Christian Education Society

Analysis

Holland Christian Education Society is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in February 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holland Christian Education Society reported income of $24.8m and spending of $24.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.0m to $24.8m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holland Christian Education Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Boys and Girls Clubs of Metro Denver Inc ($24.8m), Medstar Ambulatory Services Inc ($24.8m) and National Museum of Women in the Arts Inc ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $311k (1.3% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $47.3m against liabilities of $2.3m, net assets of $45.0m. It reported 467 employees.