Holy Family Senior Living

Analysis

Holy Family Senior Living is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Family Senior Living reported income of $20.9m and spending of $18.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.4m to $20.9m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Family Senior Living sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Incarnate Word Retirement Community Inc ($20.9m), Michigan Christian Home ($21.0m) and The Tulsa Jewish Community Retirement and Health Care Center ($20.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $327k (1.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $9.1m against liabilities of $5.0m, net assets of $4.1m. It reported 232 employees.