Holland Area Arts Council

Analysis

Holland Area Arts Council is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in March 1983, 43 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 September 2023, Holland Area Arts Council reported income of $398k and spending of $442k, spending 111% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $257k to $398k (+55%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 105% 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 Area Arts Council sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Gertrude Herbert Institute of Art Inc ($398k), Winchester Council for the Arts Inc ($398k) and Inyo Council for the Arts ($398k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 40% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.5m against liabilities of $7,731, net assets of $1.5m. It reported 7 employees.