Holy Family Ministries

Analysis

Holy Family Ministries is a registered charity in United States, based in Westchester, IL. It received its IRS tax-exemption ruling in December 1999, 27 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 July 2023, Holy Family Ministries reported income of $8.1m and spending of $6.2m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to July 2023, income grew from $5.4m to $8.1m (+52%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 39%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Family Ministries 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 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Archway Classical Academy South Gilbert ($8.1m), Legacy Traditional School - San Tan ($8.1m) and Berkley Charter School Inc ($8.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $490k (7.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $18.7m against liabilities of $2.3m, net assets of $16.4m. It reported 100 employees.