Holocaust Memorial Center

Analysis

Holocaust Memorial Center is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in July 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Holocaust Memorial Center reported income of $10.1m and spending of $5.2m, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.2m to $10.1m (+141%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 361%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holocaust Memorial Center 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 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Hawaii Public Television Foundation ($10.1m), National Energy Education Development Project Inc ($10.1m) and Dallas Theater Center ($10.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $384k (7.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $46.4m against liabilities of $572k, net assets of $45.8m. It reported 58 employees.