Saint Patricks Parade Committee of Holyoke Incorporated

Analysis

Saint Patricks Parade Committee of Holyoke Incorporated is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Patricks Parade Committee of Holyoke Incorporated reported income of $469k and spending of $743k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $495k to $469k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 517%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saint Patricks Parade Committee of Holyoke Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Caroline Calouche & Co ($469k), Acts 44 Foundation ($469k) and Tower-Soudan Historical Society ($469k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $6,500 (0.9% of expenses). At year end it held assets of $212k against liabilities of $0, net assets of $212k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.