Holy Cross Village at Notre Dame Inc

Analysis

Holy Cross Village at Notre Dame Inc is a registered charity in United States, based in Notre Dame, IN. 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).

In the financial year ending June 2023, Holy Cross Village at Notre Dame Inc reported income of $17.7m and spending of $19.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $17.7m (+21%), an average of +4.9% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Cross Village at Notre Dame Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include J M Perry Institute of Trades Industries & Agriculture ($17.7m), Susanna Wesley Health Center Inc ($17.7m) and Child Development Council of Franklin County ($17.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $439k (2.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $43.7m against liabilities of $68.1m, net assets of -$24.5m. It reported 194 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.