Trustees of the College of the Holy Cross

Analysis

Trustees of the College of the Holy Cross is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trustees of the College of the Holy Cross reported income of $308.2m and spending of $317.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $266.0m to $308.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of the College of the Holy Cross sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Oxford Funds Endowment Master ($306.6m), Hansjorg Wyss Institute for Biologically Inspired Engineering ($310.9m) and Uplift Education ($304.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $3.6m (1.1% of expenses). Other salaries and wages came to $94.4m. It paid $39k in professional fundraising fees. At year end it held assets of $1.61bn against liabilities of $287.6m, net assets of $1.32bn. It reported 4,798 employees.