Presbyterian Village-Holly

Analysis

Presbyterian Village-Holly is a registered charity in United States, based in Holly, MI. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Presbyterian Village-Holly reported income of $942k and spending of $907k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $868k to $942k (+8.5%), an average of +2.1% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Presbyterian Village-Holly sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include The Springs Ministries Inc ($942k), Hillcrest Ministries ($942k) and Churches Affiliated Child Care Center Inc ($942k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $43k (4.7% of expenses). Other salaries and wages came to $126k. At year end it held assets of $1.6m against liabilities of $5.1m, net assets of -$3.5m. It reported 8 employees.