Holy Cross Head Start Inc
Holy Cross Head Start: Strong Program Spending, but Declining Assets
EIN: 222659648 · Buffalo, NY · NTEE: B22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $8.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-100,134 |
| Transparency Score | 85/100 |
Is Holy Cross Head Start Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Cross Head Start Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holy Cross Head Start Inc
Holy Cross Head Start Inc (EIN: 222659648) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B22Z. The organization reported total revenue of $7.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Cross Head Start Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Cross Head Start Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-53,599 |
| Total Assets | $2.3M |
| Total Liabilities | $2.4M |
| Net Assets | $-100,134 |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 104.4% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Holy Cross Head Start Inc reported a deficit of $54K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 104.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Holy Cross Head Start Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.0% | +37.2% | +154.2% |
| 2022 | +6.3% | +7.6% | -8.8% |
| 2021 | -3.4% | -2.9% | +68.4% |
| 2020 | +4.8% | +3.2% | +4.8% |
| 2019 | +0.2% | +1.0% | -40.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holy Cross Head Start Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Holy Cross Head Start Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with over $7 million in revenue and suggests potential reporting discrepancies or alternative compensation structures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Holy Cross Head Start Inc's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if compensation is being reported under other categories.
- A notable decline in total assets from $2,252,269 (2023) to $1,726,036 (most recent data) despite revenue growth, could indicate operational challenges or significant expenditures.
- The organization's liabilities have increased from $2,352,403 (2023) to $2,403,000 (most recent data), which, combined with declining assets, could impact financial stability.
Strengths
The following positive indicators were identified for Holy Cross Head Start Inc:
- Strong program spending, with 85% of expenses directed towards programs, indicates a focus on its core mission.
- Significant revenue growth from $5,866,252 in 2022 to $8,038,624 in 2023 demonstrates increasing support and operational scale.
- The organization has consistently maintained a healthy revenue stream over several years, indicating stable funding.
Frequently Asked Questions about Holy Cross Head Start Inc
Is Holy Cross Head Start Inc a legitimate charity?
Holy Cross Head Start Inc (EIN: 222659648) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $7.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Holy Cross Head Start Inc spend its money?
Holy Cross Head Start Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Holy Cross Head Start Inc tax-deductible?
Holy Cross Head Start Inc is registered as a tax-exempt nonprofit (EIN: 222659648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holy Cross Head Start Inc CEO make?
Holy Cross Head Start Inc's highest-compensated officer earns $0 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holy Cross Head Start Inc's spending goes to programs?
Holy Cross Head Start Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Holy Cross Head Start Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Holy Cross Head Start Inc is above average for NTEE category B22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holy Cross Head Start Inc located?
Holy Cross Head Start Inc is headquartered in Buffalo, New York and files with the IRS under EIN 222659648. It is classified under NTEE code B22Z.
How many years of IRS 990 filings does Holy Cross Head Start Inc have?
Holy Cross Head Start Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.3M in total revenue.
What does Holy Cross Head Start Inc do?
Holy Cross Head Start Inc is a nonprofit organization in the Education sector, located in Buffalo, New York. It is classified under NTEE code B22Z.
How much revenue does Holy Cross Head Start Inc have?
Holy Cross Head Start Inc reported total revenue of $7,288,266. Based on 12 IRS 990 filings on record.
What are Holy Cross Head Start Inc's total assets?
Holy Cross Head Start Inc holds total assets of $1,726,036 as reported in IRS 990 filings.
Where is Holy Cross Head Start Inc located?
Holy Cross Head Start Inc is based in Buffalo, New York.
What is Holy Cross Head Start Inc's EIN?
Holy Cross Head Start Inc's Employer Identification Number (EIN) is 222659648. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holy Cross Head Start Inc?
Holy Cross Head Start Inc is classified under NTEE code B22Z (Education).
Is Holy Cross Head Start Inc a registered 501(c)(3)?
Yes, Holy Cross Head Start Inc is recognized as a tax-exempt organization by the IRS. EIN: 222659648.
Does Holy Cross Head Start Inc file IRS Form 990?
Yes, Holy Cross Head Start Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202302.
What was Holy Cross Head Start Inc's revenue in 2023?
In the 202302 filing period, Holy Cross Head Start Inc reported total revenue of $8,038,624, total expenses of $8,092,223, and net assets of $2,252,269.
Is Holy Cross Head Start Inc's revenue growing or declining?
Holy Cross Head Start Inc's revenue is growing. Revenue went from $5,866,252 (202202) to $8,038,624 (202302), a +37.0% change. Based on 12 filings on record.
What is Holy Cross Head Start Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Holy Cross Head Start Inc covers tax period 202302. It shows revenue of $8,038,624, expenses of $8,092,223, total assets of $2,252,269, and liabilities of $2,352,403.
How much does Holy Cross Head Start Inc spend on programs vs administration?
Based on IRS 990 analysis, Holy Cross Head Start Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Holy Cross Head Start Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Holy Cross Head Start Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Holy Cross Head Start Inc?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if compensation is being reported under other categories.. A notable decline in total assets from $2,252,269 (2023) to $1,726,036 (most recent data) despite revenue growth, could indicate operational challenges or significant expenditures.. The organization's liabilities have increased from $2,352,403 (2023) to $2,403,000 (most recent data), which, combined with declining assets, could impact financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holy Cross Head Start Inc's strengths?
Positive indicators for Holy Cross Head Start Inc include: Strong program spending, with 85% of expenses directed towards programs, indicates a focus on its core mission.. Significant revenue growth from $5,866,252 in 2022 to $8,038,624 in 2023 demonstrates increasing support and operational scale.. The organization has consistently maintained a healthy revenue stream over several years, indicating stable funding.. These findings are derived from AI analysis of the organization's financial filings.
How does Holy Cross Head Start Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with over $7 million in revenue and suggests potential reporting discrepancies or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does Holy Cross Head Start Inc. attract and retain qualified leadership, and where might leadership compensation be accounted for in their financial statements?
The consistent reporting of $0 for executive compensation is highly unusual for an organization of this size and revenue. It suggests that compensation for key personnel might be categorized differently within their financial statements (e.g., as general salaries, contractor fees, or through related entities), or that the organization relies heavily on volunteer leadership, which would be exceptional for its scale. Further investigation into detailed expense breakdowns would be necessary to understand this structure.
What factors contributed to the decline in total assets from $2,252,269 in 2023 to $1,726,036 in the most recent filing, especially in a period of revenue growth?
The decline in total assets despite revenue growth could be due to several factors, including significant capital expenditures that haven't yet translated into asset appreciation, repayment of liabilities, or a decrease in cash reserves. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it warrants scrutiny to ensure financial health and sustainability.
Filing History
IRS 990 filing history for Holy Cross Head Start Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Holy Cross Head Start Inc's revenue has grown by 48.3%, moving from $5.4M to $8.0M. Total assets increased by 604.9% over the same period, from $320K to $2.3M. Total functional expenses rose by 52.1%, from $5.3M to $8.1M. In its most recent filing year (2023), Holy Cross Head Start Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $2.3M in assets (debt-to-asset ratio: 104.4%), resulting in net assets of $-100,134.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $8.1M | $2.3M | $2.4M | — | View 990 |
| 2022 | $5.9M | $5.9M | $886K | $933K | — | View 990 |
| 2021 | $5.5M | $5.5M | $972K | $986K | — | — |
| 2020 | $5.7M | $5.6M | $577K | $629K | — | View 990 |
| 2019 | $5.5M | $5.5M | $551K | $672K | — | View 990 |
| 2018 | $5.4M | $5.4M | $925K | $1.0M | — | View 990 |
| 2017 | $5.1M | $5.2M | $733K | $860K | — | View 990 |
| 2016 | $5.1M | $5.2M | $787K | $805K | — | View 990 |
| 2015 | $5.1M | $5.0M | $727K | $680K | — | View 990 |
| 2014 | $5.3M | $5.1M | $627K | $691K | — | View 990 |
| 2013 | $5.3M | $5.2M | $751K | $1.0M | — | View 990 |
| 2012 | $5.4M | $5.3M | $320K | $761K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $8.1M, and assets of $2.3M (revenue +37.0% year-over-year).
- 2022: Revenue of $5.9M, expenses of $5.9M, and assets of $886K (revenue +6.3% year-over-year).
- 2021: Revenue of $5.5M, expenses of $5.5M, and assets of $972K (revenue -3.4% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.6M, and assets of $577K (revenue +4.8% year-over-year).
- 2019: Revenue of $5.5M, expenses of $5.5M, and assets of $551K (revenue +0.2% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.4M, and assets of $925K (revenue +6.3% year-over-year).
- 2017: Revenue of $5.1M, expenses of $5.2M, and assets of $733K (revenue -0.3% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.2M, and assets of $787K (revenue +0.2% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.0M, and assets of $727K (revenue -3.4% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.1M, and assets of $627K (revenue -0.3% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.2M, and assets of $751K (revenue -1.8% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.3M, and assets of $320K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Cross Head Start Inc:
Data Sources and Methodology
This transparency report for Holy Cross Head Start Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.