Holyoke Public Library Corp

Analysis

Holyoke Public Library Corp is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Public Library Corp reported income of $140k and spending of $416k, spending 298% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $518k to $140k (-73%), an average of -28% a year. The sharpest change came in the year to June 2021, when income rose by 462%. Over the whole period it spent 675% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holyoke Public Library Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Mid-Eastern Assoc of Educational Opportunity Program Personnel ($140k), Emiarteflamenco Academy ($140k) and University of Missouri Medical School Foundation Incorporated ($140k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 139% and program service revenue 8.2% of the total. At year end it held assets of $7.0m against liabilities of $1.6m, net assets of $5.4m.