Quick charity verification for Holy Cross Health Foundation Inc (EIN: 208428450)
Verdict: Holy Cross Health Foundation Inc appears trustworthy
75/100Mission Score
$3.9MRevenue
$18.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $467,738 in 2023, $468,740 in 2020, $680,426 in 2019) suggest that annual expenses frequently exceed revenue.
0% officer compensation reported across all filings, which is unusual for an organization with significant assets and operations, potentially obscuring the true cost of leadership.
Strengths
Significant and consistent growth in assets, from $5,003,758 in 2018 to $15,764,151 in 2023, demonstrating strong long-term financial health and investment management.
Part of a larger healthcare system (Holy Cross Health), which likely provides operational efficiencies and stability.
NTEE code E11 indicates a focus on general hospitals, aligning with a clear mission to support healthcare services.
Spending Breakdown
How Holy Cross Health Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Holy Cross Health Foundation Inc
Is Holy Cross Health Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Cross Health Foundation Inc (EIN: 208428450) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Holy Cross Health Foundation Inc a good charity to donate to?
Holy Cross Health Foundation Inc has a Mission Score of 75/100. Revenue: $3.9M. Assets: $18.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holy Cross Health Foundation Inc?
The Employer Identification Number (EIN) for Holy Cross Health Foundation Inc is 208428450. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Holy Cross Health Foundation Inc spend its money?
Holy Cross Health Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holy Cross Health Foundation Inc's tax-exempt status?
You can verify Holy Cross Health Foundation Inc's tax-exempt status using EIN 208428450 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Holy Cross Health Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with recent years showing more stability in revenue generation. In the 2023 fiscal period, the organization reported revenues of $1,641,502 against expenses of $2,109,240, indicating a deficit for that year. However, the organization has consistently grown its assets, reaching $15,764,151 in 2023, up from $5,003,758 in 2018, which suggests effective asset management or significant contributions over time. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and operational structure, indicating that executive compensation is not a direct expense on the 990 forms, possibly covered by a parent organization or through other means not detailed here. This practice, while not inherently negative, warrants further investigation to fully understand the compensation structure for key personnel.