Holland Symphony Orchestra Inc

Analysis

Holland Symphony Orchestra Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in October 1991, 35 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 April 2024, Holland Symphony Orchestra Inc reported income of $585k and spending of $490k, spending 84% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $387k to $585k (+51%), an average of +11% a year. The sharpest change came in the year to April 2023, when income rose by 47%. Over the whole period it spent 78% 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 Symphony Orchestra Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Jobsite Theatre Inc ($585k), American Academy of Matrimonial Lawyers Foundation ($585k) and Future of Danville Foundation ($585k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 61% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $49k (10% of expenses). At year end it held assets of $1.7m against liabilities of $59k, net assets of $1.7m. It reported 1 employees.