Holyoke Health Center Inc

Analysis

Holyoke Health Center Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in April 1972, 54 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 June 2023, Holyoke Health Center Inc reported income of $61.4m and spending of $61.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.4m to $61.4m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holyoke Health Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Trillium Health Inc ($61.4m), Felton Institute ($61.5m) and Medstar Health Visiting Nurse Association Inc ($61.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.2m (2.0% of expenses). Other salaries and wages came to $27.0m. At year end it held assets of $40.2m against liabilities of $16.8m, net assets of $23.4m. It reported 450 employees.