Holland Tulip Time Festival Inc
EIN: 381266660 · Holland, MI · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Net Assets | $1.0M |
Is Holland Tulip Time Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holland Tulip Time Festival Inc
Holland Tulip Time Festival Inc (EIN: 381266660) is a nonprofit organization based in Holland, MI, classified under NTEE code A23. The organization reported total revenue of $2.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holland Tulip Time Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holland Tulip Time Festival Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$88K |
| Total Assets | $1.5M |
| Total Liabilities | $437K |
| Net Assets | $1.0M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Holland Tulip Time Festival Inc reported a surplus of $88K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 29.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2023), Holland Tulip Time Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | +22.1% | +28.3% |
| 2022 | +93.9% | +118.5% | -13.8% |
| 2021 | -42.4% | -27.7% | -7.9% |
| 2020 | -30.6% | -51.9% | +181.7% |
| 2019 | +10.3% | +6.0% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holland Tulip Time Festival Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holland Tulip Time Festival Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.9%.
Frequently Asked Questions about Holland Tulip Time Festival Inc
Is Holland Tulip Time Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holland Tulip Time Festival Inc (EIN: 381266660) insufficient data. 0 red flags identified, 0 strengths noted.
How does Holland Tulip Time Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Holland Tulip Time Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Holland Tulip Time Festival Inc tax-deductible?
Holland Tulip Time Festival Inc is registered as a tax-exempt nonprofit (EIN: 381266660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holland Tulip Time Festival Inc located?
Holland Tulip Time Festival Inc is headquartered in Holland, Michigan and files with the IRS under EIN 381266660. It is classified under NTEE code A23.
How many years of IRS 990 filings does Holland Tulip Time Festival Inc have?
Holland Tulip Time Festival Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Filing History
IRS 990 filing history for Holland Tulip Time Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Holland Tulip Time Festival Inc's revenue has grown by 93.2%, moving from $1.1M to $2.2M. Total assets increased by 247.6% over the same period, from $420K to $1.5M. Total functional expenses rose by 78.3%, from $1.2M to $2.1M. In its most recent filing year (2023), Holland Tulip Time Festival Inc reported a surplus of $88K, with revenue exceeding expenses. The organization holds $437K in liabilities against $1.5M in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $1.5M | $437K | — | View 990 |
| 2022 | $1.8M | $1.7M | $1.1M | $203K | — | View 990 |
| 2021 | $904K | $795K | $1.3M | $400K | — | View 990 |
| 2020 | $1.6M | $1.1M | $1.4M | $622K | — | View 990 |
| 2019 | $2.3M | $2.3M | $509K | $166K | — | View 990 |
| 2018 | $2.0M | $2.2M | $499K | $128K | — | View 990 |
| 2017 | $2.0M | $2.0M | $626K | $146K | — | View 990 |
| 2016 | $1.9M | $1.9M | $445K | $40K | — | View 990 |
| 2015 | $1.9M | $1.8M | $387K | $35K | — | View 990 |
| 2014 | $1.9M | $1.9M | $324K | $21K | — | View 990 |
| 2013 | $2K | $126K | $292K | $16K | — | View 990 |
| 2013 | $1.5M | $1.4M | $485K | $85K | — | View 990 |
| 2012 | $1.1M | $1.2M | $420K | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $1.5M (revenue +26.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $1.1M (revenue +93.9% year-over-year).
- 2021: Revenue of $904K, expenses of $795K, and assets of $1.3M (revenue -42.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.1M, and assets of $1.4M (revenue -30.6% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $509K (revenue +10.3% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.2M, and assets of $499K (revenue +1.1% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $626K (revenue +4.9% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $445K (revenue +2.4% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $387K (revenue -2.2% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $324K (revenue +96476.7% year-over-year).
- 2013: Revenue of $2K, expenses of $126K, and assets of $292K (revenue -99.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $485K (revenue +27.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $420K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holland Tulip Time Festival Inc:
Data Sources and Methodology
This transparency report for Holland Tulip Time Festival Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.