Holland Christian Education Foundation

Analysis

Holland Christian Education Foundation is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holland Christian Education Foundation reported income of $1.5m and spending of $707k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $891k to $1.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holland Christian Education Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Monroe Free Library ($1.5m), Here for You Child Development Center Inc ($1.5m) and Young Achievers Learning Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $32k. At year end it held assets of $15.4m against liabilities of $26k, net assets of $15.4m.