Holy Cross Christian Academy Inc

Analysis

Holy Cross Christian Academy Inc is a registered charity in United States, based in Burleson, TX. It received its IRS tax-exemption ruling in September 2006, 20 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, Holy Cross Christian Academy Inc reported income of $2.1m and spending of $1.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Cross Christian Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Ravencrest Chalet ($2.1m), Hawaii Association of Independent Schools ($2.1m) and Edgewood Academy Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $67k (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $3.1m, net assets of $2.0m. It reported 56 employees.