Holy Family Apostolate Corporation

Analysis

Holy Family Apostolate Corporation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Family Apostolate Corporation reported income of $170k and spending of $178k, spending 105% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $109k to $170k (+56%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 64%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Family Apostolate Corporation 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 50th percentile, and in the 47th percentile within AZ. Charities of a similar size with the same main cause include Iglesia Betsaida Inc ($170k), Beis Community Inc ($170k) and One Mind Foundation ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,850 against liabilities of $129k, net assets of -$123k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.