Holland Cornerstone

Analysis

Holland Cornerstone is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Holland Cornerstone reported income of $100k and spending of $92k, spending 92% of its income. Across the 5 years on record, from September 2018 to September 2024, income grew from $90k to $100k (+11%), an average of +2.5% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holland Cornerstone sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Chen & Shao Anti-Cancer Foundation Inc ($100k), Constanza Medical Mission ($100k) and Spine Research Foundation ($100k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $25k against liabilities of $1,579, net assets of $23k.