Hampden County Career Center Inc

Analysis

Hampden County Career Center Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Hampden County Career Center Inc reported income of $4.7m and spending of $4.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hampden County Career Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Opencape Corporation ($4.7m), Futures Rehabilitation Center Inc ($4.7m) and Oklahoma City Economic Development Foundation Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $118k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $1.0m against liabilities of $166k, net assets of $838k. It reported 71 employees.