Friends of the Holyoke Creative Arts Center Inc

Analysis

Friends of the Holyoke Creative Arts Center Inc is a registered charity in United States, based in West Springfield, MA. It received its IRS tax-exemption ruling in December 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Holyoke Creative Arts Center Inc reported income of $87k and spending of $89k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $73k to $87k (+19%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Holyoke Creative Arts Center Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Big Foot High School Educational Foundation Inc ($87k), Northern California Branch of the International Dyslexia Association ($87k) and Appomattox Railroad Festival Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.