Holyoke Chicopee Springfield Head Start Inc

Analysis

Holyoke Chicopee Springfield Head Start Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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 October 2023, Holyoke Chicopee Springfield Head Start Inc reported income of $21.0m and spending of $19.8m, spending 95% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $20.0m to $21.0m (+4.7%), an average of +1.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holyoke Chicopee Springfield Head Start Inc 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 96th percentile within MA. Charities of a similar size with the same main cause include Michigan Christian Home ($21.0m), Baton Rouge Christian Education Foundation Inc ($21.0m) and Holy Family Senior Living ($20.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $155k (0.8% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $8.8m against liabilities of $2.8m, net assets of $6.1m. It reported 257 employees.