Holy Family Foundation

Analysis

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

In the financial year ending June 2023, Holy Family Foundation reported income of $5.3m and spending of $1.6m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.3m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Family Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Child Development Health & Nutrition Inc ($5.3m), Western Christian High School ($5.3m) and Wyoming Health Fairs ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $45k. At year end it held assets of $17.0m against liabilities of $110k, net assets of $16.9m.