Enlace de Familias de Holyoke Holyoke Family Network Inc

Analysis

Enlace de Familias de Holyoke Holyoke Family Network Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, 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 2024, Enlace de Familias de Holyoke Holyoke Family Network Inc reported income of $2.1m and spending of $1.9m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $603k to $2.1m (+245%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enlace de Familias de Holyoke Holyoke Family Network Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Community Link ($2.1m), Manhattan Bowery Management Corp ($2.1m) and Pawnee County Workshop Corporation ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $733k. At year end it held assets of $1.3m against liabilities of $300k, net assets of $1.0m. It reported 20 employees.