The Society of the Companions of the Holy Cross

Analysis

The Society of the Companions of the Holy Cross is a registered charity in United States, based in Byfield, MA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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 December 2023, The Society of the Companions of the Holy Cross reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Society of the Companions of the Holy Cross sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($1.2m), Apga Research Foundation ($1.2m) and Cleveland State Community College Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 16% of the total. Other salaries and wages came to $439k. At year end it held assets of $6.3m against liabilities of $96k, net assets of $6.2m. It reported 21 employees.