Communtiy Foundation of the Holland Zeeland Area

Analysis

Communtiy Foundation of the Holland Zeeland Area is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in September 1952, 74 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Communtiy Foundation of the Holland Zeeland Area reported income of $24.0m and spending of $14.9m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $24.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communtiy Foundation of the Holland Zeeland Area sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include St Baldricks Foundation Inc ($23.9m), Dallas Center for the Performing Arts Foundation Inc ($24.0m) and Devto Support Foundation ($23.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $99k (0.7% of expenses). Other salaries and wages came to $709k. It paid $16k in professional fundraising fees. At year end it held assets of $127.7m against liabilities of $686k, net assets of $127.1m. It reported 14 employees.