Holyoke Merry-Go-Round Inc

Analysis

Holyoke Merry-Go-Round Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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 March 2023, Holyoke Merry-Go-Round Inc reported income of $147k and spending of $119k, spending 81% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $144k to $147k (+1.8%), an average of +0.4% a year. The sharpest change came in the year to March 2023, when income rose by 89%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holyoke Merry-Go-Round Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Korean American Education Foundation ($147k), Prairie Village Municipal Foundation ($147k) and Wat Lao Buddharangsy ($147k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% and program service revenue 49% of the total. Other salaries and wages came to $53k. At year end it held assets of $868k against liabilities of $4,360, net assets of $864k. It reported 9 employees.