Holy Cross Health Foundation Inc

Analysis

Holy Cross Health Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Holy Cross Health Foundation Inc reported income of $1.6m and spending of $2.1m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Cross Health Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Samaritan Counseling Center of Atlanta Inc ($1.6m), Texas Academy of Medicine Engineering Science and Technology ($1.6m) and Cancer Network of West Central Ohio ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $329k (16% of expenses). Other salaries and wages came to $518k. At year end it held assets of $15.8m against liabilities of $12.8m, net assets of $3.0m.