Holy Cross Housing Inc

Analysis

Holy Cross Housing Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Holy Cross Housing Inc reported income of $651k and spending of $758k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $577k to $651k (+13%), an average of +3.0% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Cross Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Historic Camden Foundation ($651k), Missionaries of the Word Inc ($651k) and Corona Norco Settlement House Inc ($651k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $137k. At year end it held assets of $1.9m against liabilities of $106k, net assets of $1.8m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.