Holland Historical Trust

Analysis

Holland Historical Trust is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Holland Historical Trust reported income of $749k and spending of $750k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $773k to $749k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holland Historical Trust sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Center for Irish Music Inc ($749k), Childrens Museum of Skagit County ($749k) and A Home 4 Wayne Inc ($749k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.4m against liabilities of $50k, net assets of $1.4m. It reported 13 employees.