Holyoke Community Childcare Initiative

Analysis

Holyoke Community Childcare Initiative is a registered charity in United States, based in Holyoke, CO. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Holyoke Community Childcare Initiative reported income of $234k and spending of $13k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $234k (-77%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 1.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holyoke Community Childcare Initiative 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 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Atterdag at Home Inc ($234k), Whispers of Love Hope & Joy Inc ($234k) and Casa Council Helping Children of Mohave County ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.