Holy Cross Senior Services Inc

Analysis

Holy Cross Senior Services Inc is a registered charity in United States, based in Ft Lauderdale, 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 2023, Holy Cross Senior Services Inc reported income of $1.1m and spending of $831k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $237k to $1.1m (+353%), an average of +66% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Cross Senior Services 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Bitcoin Policy Institute ($1.1m), Hillel the Foundation for Jewish Campus Life ($1.1m) and Boy Scouts of America ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 45% of the total. Other salaries and wages came to $406k. At year end it held assets of $384k against liabilities of $69k, net assets of $315k.