Holy Cross Services Inc

Analysis

Holy Cross Services Inc is a registered charity in United States, based in Dewitt, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 September 2023, Holy Cross Services Inc reported income of $17.1m and spending of $17.5m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.7m to $17.1m (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2022, when income dropped by 36%. 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 Cross Services 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 MI. Charities of a similar size with the same main cause include Bellin College Inc ($17.1m), CNS Professional Services ($17.1m) and Child Care Resources Inc ($17.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $367k (2.1% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $11.6m against liabilities of $4.3m, net assets of $7.3m. It reported 391 employees.