Holyoke Community Media Inc

Analysis

Holyoke Community Media Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Holyoke Community Media Inc reported income of $620k and spending of $907k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $678k to $620k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holyoke Community Media Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Gateway Montessori School ($620k), Empire State University Foundation ($620k) and Beaverton Education Foundation ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Other salaries and wages came to $179k. At year end it held assets of $3.3m against liabilities of $483k, net assets of $2.8m. It reported 3 employees.