Holy Cross Ministries

Analysis

Holy Cross Ministries is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Cross Ministries reported income of $2.9m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.9m (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Cross Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within UT. Charities of a similar size with the same main cause include Northwest Colorado Community Health Partnership Inc ($2.9m), Central Louisiana AIDS Support Services Inc ($2.9m) and Vna Health Foundation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $144k (4.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $15.9m against liabilities of $829k, net assets of $15.0m. It reported 39 employees.