MGHPCC Holyoke Inc

Analysis

MGHPCC Holyoke Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MGHPCC Holyoke Inc reported income of $146k and spending of $2.1m, spending 1435% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $146k to $146k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 3898% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MGHPCC Holyoke Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Florida Thoroughbred Charities Inc ($146k), Wasatch Capsa Support Foundation ($146k) and Kiwanis Club of Louisville Foundati on Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $52.2m against liabilities of $2.9m, net assets of $49.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.