Holy Cross Academy

Analysis

Holy Cross Academy is a registered charity in United States, based in Oneida, NY. It received its IRS tax-exemption ruling in July 1997, 29 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 Cross Academy reported income of $482k and spending of $445k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $409k to $482k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Cross Academy sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Creative Beginnings Child Care Inc ($482k), Society of Academic Associations of Anesthesiology & Perioperative Med ($482k) and Project Transformation Rio Texas ($482k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 42% of the total. Other salaries and wages came to $307k. At year end it held assets of $379k against liabilities of $77k, net assets of $302k. It reported 27 employees.