Quick charity verification for Holyoke Medical Center Inc (EIN: 222520073)
Verdict: Holyoke Medical Center Inc appears trustworthy
85/100Mission Score
$266.3MRevenue
$129.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth in revenue and assets over the past several years, indicating financial stability.
High percentage of spending directly on programs (89%), demonstrating a strong commitment to its mission.
Healthy asset base of $129,344,658 as of 2023, providing a strong foundation for future operations.
Low administrative and fundraising overhead, maximizing impact per dollar.
Positive net income trend, with revenue consistently exceeding expenses.
Spending Breakdown
How Holyoke Medical Center Inc allocates its funds across programs, administration, and fundraising.
89%
Program Spending
Healthy — majority goes to mission
6%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Holyoke Medical Center Inc
Is Holyoke Medical Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holyoke Medical Center Inc (EIN: 222520073) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Holyoke Medical Center Inc a good charity to donate to?
Holyoke Medical Center Inc has a Mission Score of 85/100. Revenue: $266.3M. Assets: $129.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holyoke Medical Center Inc?
The Employer Identification Number (EIN) for Holyoke Medical Center Inc is 222520073. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Holyoke Medical Center Inc spend its money?
Holyoke Medical Center Inc allocates 89% to programs, 6% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holyoke Medical Center Inc's tax-exempt status?
You can verify Holyoke Medical Center Inc's tax-exempt status using EIN 222520073 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Holyoke Medical Center Inc is a health care nonprofit based in Holyoke, Massachusetts, with reported revenue of $266.3M and assets of $129.3M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 89% of spending goes to programs, 6% to administration, and 5% to fundraising. • Holyoke Medical Center consistently reports 0% compensation from unrelated organizations, indicating a clear focus on its primary mission.
• The organization's financial filings are readily available, showing consistent reporting over several years.
• Detailed breakdowns of expenses are provided, allowing for a clear understanding of spending categories. Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the provided data. Revenue has grown +101% across 13 filing periods.