Holy Family Academy Inc

Analysis

Holy Family Academy Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 2024, Holy Family Academy Inc reported income of $1.2m and spending of $1.3m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $748k to $1.2m (+65%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Family Academy Inc 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 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Cedo Housing Development Corporation ($1.2m), Iaa Foundation ($1.2m) and Cancer Support Community of Greater Ann Arbor ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.2% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $86k (6.8% of expenses). Other salaries and wages came to $791k. At year end it held assets of $2.6m against liabilities of $473k, net assets of $2.2m. It reported 20 employees.