Holy Family Adoption Agency

Analysis

Holy Family Adoption Agency is a registered charity in United States, based in Crystal, MN. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Family Adoption Agency reported income of $204k and spending of $165k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $674k to $204k (-70%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holy Family Adoption Agency sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Warren County Council on Aging ($204k), Browning Learning Academy ($204k) and Soul Trak Outdoors ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $58k (35% of expenses). Other salaries and wages came to $60k. At year end it held assets of $843k against liabilities of $4,370, net assets of $839k. It reported 5 employees.