Holland Community Aquatic Center Foundation

Analysis

Holland Community Aquatic Center Foundation is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in December 2012, 14 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 June 2024, Holland Community Aquatic Center Foundation reported income of $197k and spending of $249k, spending 126% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $1.0m to $197k (-81%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 72%. Over the whole period it spent 101% 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 Community Aquatic Center Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Mashup Contemporary Dance Company ($197k), Music on the Inside ($197k) and Marquette Symphony Orchestra Inc ($197k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,902 against liabilities of $1,921, net assets of $5,981.