Holy Cross Education Foundation

Analysis

Holy Cross Education Foundation is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Holy Cross Education Foundation reported income of $362k and spending of $197k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $362k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Cross Education Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Texas Association for College Admission Counseling Inc ($362k), Old Union Elementary School PTO ($362k) and Booker Promise Foundation Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $928k against liabilities of $0, net assets of $928k.