Holyoke Day Nursery Inc

Analysis

Holyoke Day Nursery Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Holyoke Day Nursery Inc reported income of $890k and spending of $846k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $699k to $890k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holyoke Day Nursery Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Under One Roof Inc ($890k), Tillamook Early Learning Center ($890k) and Food Tank the Think Tank for Food ($890k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $77k (9.1% of expenses). At year end it held assets of $806k against liabilities of $135k, net assets of $671k. It reported 16 employees.