Fa-Ho-Lo Family Inc

Analysis

Fa-Ho-Lo Family Inc is a registered charity in United States, based in Coopersville, MI. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 2024, Fa-Ho-Lo Family Inc reported income of $807k and spending of $811k, spending 100% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $574k to $807k (+41%), an average of +8.9% a year. The sharpest change came in the year to September 2022, when income rose by 25%. 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, Fa-Ho-Lo Family Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Sussex County Childrens Advocacy Center ($807k), Glenwood South ($807k) and Indiana Chapter of the American Academy of Pediatrics Inc ($807k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $545k. At year end it held assets of $239k against liabilities of $6,030, net assets of $233k. It reported 20 employees.