Holy Family Academy Inc

Analysis

Holy Family Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2018, 8 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 December 2023, Holy Family Academy Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $1.3m (+188%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Family Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Decatur Christian School Inc ($1.3m), Carriers of Light ($1.3m) and Red Bridge Education ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $783k. At year end it held assets of $270k against liabilities of $21k, net assets of $248k. It reported 27 employees.