Holyoke Community College Foundation Inc

Analysis

Holyoke Community College Foundation Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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 2024, Holyoke Community College Foundation Inc reported income of $2.4m and spending of $6.9m, spending 290% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 375%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holyoke Community College Foundation Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Veterans Bio-Medical Research Institute Inc ($2.4m), Hoy Recovery Program Inc ($2.4m) and Governors Scholars Program Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. At year end it held assets of $25.6m against liabilities of $1.8m, net assets of $23.8m.