Holy Angels Academy Inc

Analysis

Holy Angels Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2022, 4 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 Angels Academy Inc reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $470k to $1.1m (+144%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Angels Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Intercultural Outreach Initiative Inc ($1.1m), Sarsef-Southern Arizona Research Science and Engineering Foundation ($1.1m) and Accelerated Intermediate Academy ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Other salaries and wages came to $550k. At year end it held assets of $2.7m against liabilities of $36k, net assets of $2.7m.