University of Holy Cross

Analysis

University of Holy Cross is a registered charity in United States, based in New Orleans, LA. 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, University of Holy Cross reported income of $23.3m and spending of $26.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.0m to $23.3m (-22%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Holy Cross sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include St Charles Health Council Inc ($23.3m), Northwest Medical Center Association Inc ($23.3m) and Albert Einstein Academies ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $383k (1.4% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $54.2m against liabilities of $14.9m, net assets of $39.2m. It reported 242 employees.