Holy Family University

Analysis

Holy Family University is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holy Family University reported income of $83.7m and spending of $78.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $69.1m to $83.7m (+21%), an average of +4.9% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Family University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Blue Ridge Academy ($83.7m), Columbia Grammar & Preparatory School ($83.7m) and Faulkner University ($83.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.0m (1.3% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $135.5m against liabilities of $40.9m, net assets of $94.6m. It reported 1,084 employees.