Holy Cross School Foundation of Bay City Texas

Analysis

Holy Cross School Foundation of Bay City Texas is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Holy Cross School Foundation of Bay City Texas reported income of $293k and spending of $265k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $116k to $293k (+153%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Cross School Foundation of Bay City Texas sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Escuela Aurora ($293k), Hispanic Leadership Development Foundation ($293k) and Joys to the World Inc ($293k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.