Honey Creek Community School Corp

Analysis

Honey Creek Community School Corp is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Honey Creek Community School Corp reported income of $3.7m and spending of $3.2m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.7m (+23%), an average of +7.0% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Honey Creek Community School Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Roscco Stamford School Community Organization Inc ($3.7m), Universal Orlando Foundation Inc ($3.7m) and Coastal Grove Charter School ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $215k (6.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $8.1m, net assets of -$4.4m. It reported 83 employees.