Holy Family Educational Corporation

Analysis

Holy Family Educational Corporation is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Holy Family Educational Corporation reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Family Educational Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NH. Charities of a similar size with the same main cause include Gardeneers ($1.5m), Greater Rochester Chamber of Commerce Foundation Inc ($1.5m) and Rar-Ma Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $96k (7.1% of expenses). Other salaries and wages came to $590k. At year end it held assets of $575k against liabilities of $3,230, net assets of $572k. It reported 27 employees.