Holy Cross Catholic High School

Analysis

Holy Cross Catholic High School is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Cross Catholic High School reported income of $4.0m and spending of $4.9m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.0m (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 247%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Cross Catholic High School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Public Knowledge ($4.0m), Circulo de LA Hispanidad ($4.0m) and Friends Boarding Home of Bucks Quarterly Meeting ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 14% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $1.1m, net assets of $1.3m. It reported 10 employees.