Holyoke Community Media Inc
Holyoke Community Media Inc. reports a significant deficit in 2023 despite substantial asset base and no officer compensation.
EIN: 10628078 · Holyoke, MA · NTEE: B02 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $670K |
| Total Expenses | $907K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3.2 |
| Net Assets | $2.8M |
| Transparency Score | 70/100 |
Is Holyoke Community Media Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holyoke Community Media Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holyoke Community Media Inc
Holyoke Community Media Inc (EIN: 10628078) is a nonprofit organization based in Holyoke, MA, classified under NTEE code B02. The organization reported total revenue of $670K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holyoke Community Media Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holyoke Community Media Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $620K |
| Total Expenses | $907K |
| Surplus / Deficit | $-286,851 |
| Total Assets | $3.3M |
| Total Liabilities | $483K |
| Net Assets | $2.8M |
| Operating Margin | -46.2% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 43.1 months |
Financial Health Grade: B
In 2023, Holyoke Community Media Inc reported a deficit of $287K with expenses exceeding revenue, holds 43.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holyoke Community Media Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.0% | +56.2% | -12.1% |
| 2022 | +64.1% | +22.7% | -15.1% |
| 2021 | -19.7% | -10.4% | +66.6% |
| 2020 | +6.6% | -6.4% | +9.3% |
| 2019 | +19.3% | +80.0% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holyoke Community Media Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Holyoke Community Media Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $287K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Holyoke Community Media Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and asset base ($3.2 million).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Holyoke Community Media Inc's IRS 990 filings:
- Significant deficit in 2023 ($286,851) where expenses ($907,124) exceeded revenue ($620,273).
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Holyoke Community Media Inc:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Strong asset growth over the past decade, from $749,507 in 2014 to $3,259,373 in 2023.
- Maintains a healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($3,259,373 vs $483,379 in 2023).
Frequently Asked Questions about Holyoke Community Media Inc
Is Holyoke Community Media Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holyoke Community Media Inc (EIN: 10628078) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Holyoke Community Media Inc spend its money?
Holyoke Community Media Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holyoke Community Media Inc tax-deductible?
Holyoke Community Media Inc is registered as a tax-exempt nonprofit (EIN: 10628078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holyoke Community Media Inc CEO make?
Holyoke Community Media Inc's highest-compensated officer earns $3.2 annually. The organization reported $670K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holyoke Community Media Inc's spending goes to programs?
Holyoke Community Media Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Holyoke Community Media Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Holyoke Community Media Inc is above average for NTEE category B02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holyoke Community Media Inc located?
Holyoke Community Media Inc is headquartered in Holyoke, Massachusetts and files with the IRS under EIN 10628078. It is classified under NTEE code B02.
How many years of IRS 990 filings does Holyoke Community Media Inc have?
Holyoke Community Media Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $670K in total revenue.
Is Holyoke Community Media Inc. financially stable given the 2023 deficit?
While Holyoke Community Media Inc. reported a deficit of $286,851 in 2023 (Expenses $907,124 - Revenue $620,273), its substantial assets of $3,259,373 and relatively low liabilities of $483,379 suggest it has reserves to absorb such fluctuations. However, sustained deficits would impact long-term stability.
How does Holyoke Community Media Inc. manage its executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to its officers, which is a notable practice for a nonprofit of its scale.
What caused the significant increase in expenses in 2023?
In 2023, expenses rose to $907,124 from $580,665 in 2022. Without a detailed breakdown of functional expenses (program, administrative, fundraising) from the 990, the specific causes for this increase cannot be determined from the provided data.
Filing History
IRS 990 filing history for Holyoke Community Media Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holyoke Community Media Inc's revenue has grown by 420.2%, moving from $119K to $620K. Total assets increased by 2403.7% over the same period, from $130K to $3.3M. Total functional expenses rose by 632.3%, from $124K to $907K. In its most recent filing year (2023), Holyoke Community Media Inc reported a deficit of $287K, with expenses exceeding revenue. The organization holds $483K in liabilities against $3.3M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $620K | $907K | $3.3M | $483K | — | — |
| 2022 | $954K | $581K | $3.7M | $635K | — | — |
| 2021 | $581K | $473K | $4.4M | $1.7M | — | View 990 |
| 2020 | $723K | $528K | $2.6M | $29K | — | — |
| 2019 | $678K | $565K | $2.4M | $0 | — | View 990 |
| 2018 | $569K | $314K | $2.3M | $0 | — | View 990 |
| 2017 | $602K | $239K | $2.0M | $0 | — | View 990 |
| 2016 | $555K | $224K | $1.6M | $0 | — | View 990 |
| 2015 | $618K | $71K | $1.3M | $0 | — | View 990 |
| 2014 | $557K | $71K | $750K | $0 | — | View 990 |
| 2013 | $131K | $72K | $263K | $0 | — | View 990 |
| 2012 | $127K | $17K | $204K | $0 | — | View 990 |
| 2011 | $119K | $124K | $130K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $620K, expenses of $907K, and assets of $3.3M (revenue -35.0% year-over-year).
- 2022: Revenue of $954K, expenses of $581K, and assets of $3.7M (revenue +64.1% year-over-year).
- 2021: Revenue of $581K, expenses of $473K, and assets of $4.4M (revenue -19.7% year-over-year).
- 2020: Revenue of $723K, expenses of $528K, and assets of $2.6M (revenue +6.6% year-over-year).
- 2019: Revenue of $678K, expenses of $565K, and assets of $2.4M (revenue +19.3% year-over-year).
- 2018: Revenue of $569K, expenses of $314K, and assets of $2.3M (revenue -5.6% year-over-year).
- 2017: Revenue of $602K, expenses of $239K, and assets of $2.0M (revenue +8.5% year-over-year).
- 2016: Revenue of $555K, expenses of $224K, and assets of $1.6M (revenue -10.2% year-over-year).
- 2015: Revenue of $618K, expenses of $71K, and assets of $1.3M (revenue +11.1% year-over-year).
- 2014: Revenue of $557K, expenses of $71K, and assets of $750K (revenue +323.5% year-over-year).
- 2013: Revenue of $131K, expenses of $72K, and assets of $263K (revenue +3.9% year-over-year).
- 2012: Revenue of $127K, expenses of $17K, and assets of $204K (revenue +6.1% year-over-year).
- 2011: Revenue of $119K, expenses of $124K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holyoke Community Media Inc:
Data Sources and Methodology
This transparency report for Holyoke Community Media Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.