Holy Spirit Academy

Analysis

Holy Spirit Academy is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holy Spirit Academy reported income of $831k and spending of $834k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $435k to $831k (+91%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Spirit Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Heights of Learning ($831k), Central Indiana Kids Inc ($831k) and Mi Escuelita Incorporated ($831k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $613k. At year end it held assets of $2.2m against liabilities of $2.1m, net assets of $160k. It reported 17 employees.