Holy Family Educational Corporation
Holy Family Educational Corporation maintains stable revenue and low executive compensation, with recent improvements in liability management.
EIN: 20496230 · Manchester, NH · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $572K |
| Transparency Score | 85/100 |
Is Holy Family Educational Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Family Educational Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holy Family Educational Corporation
Holy Family Educational Corporation (EIN: 20496230) is a nonprofit organization based in Manchester, NH, classified under NTEE code B20. The organization reported total revenue of $1.5M and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Family Educational Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Family Educational Corporation is a mid-size nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$113K |
| Total Assets | $575K |
| Total Liabilities | $3K |
| Net Assets | $572K |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2024, Holy Family Educational Corporation reported a surplus of $113K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Holy Family Educational Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.3% | +5.0% | +6.8% |
| 2023 | +3.7% | +4.8% | -13.6% |
| 2022 | -7.1% | +29.3% | -10.7% |
| 2021 | +23.7% | -7.5% | +19.9% |
| 2020 | -12.2% | +17.1% | +49.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
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 Family Educational Corporation 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 Family Educational Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for an organization of its size with revenues consistently over $1 million.
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 Family Educational Corporation's IRS 990 filings:
- Occasional periods of expenses exceeding revenue (e.g., 202306: Expenses=$1,290,203 vs. Revenue=$1,210,000)
Strengths
The following positive indicators were identified for Holy Family Educational Corporation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in executive pay.
- Significant growth in assets over the past decade, from $37,517 in 201506 to $574,776 in 202406.
- Strong reduction in liabilities, from $282,165 in 202006 to $3,230 in 202406.
- Stable and growing revenue stream, reaching $1,467,387 in the latest filing.
Frequently Asked Questions about Holy Family Educational Corporation
Is Holy Family Educational Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Family Educational Corporation (EIN: 20496230) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Holy Family Educational Corporation spend its money?
Holy Family Educational Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holy Family Educational Corporation tax-deductible?
Holy Family Educational Corporation is registered as a tax-exempt nonprofit (EIN: 20496230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holy Family Educational Corporation CEO make?
Holy Family Educational Corporation's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holy Family Educational Corporation's spending goes to programs?
Holy Family Educational Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Holy Family Educational Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Holy Family Educational Corporation is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holy Family Educational Corporation located?
Holy Family Educational Corporation is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20496230. It is classified under NTEE code B20.
How many years of IRS 990 filings does Holy Family Educational Corporation have?
Holy Family Educational Corporation has 11 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 $1.5M in total revenue.
Is Holy Family Educational Corporation financially stable?
Yes, the organization appears financially stable, with consistent revenue generation (e.g., $1,467,387 in 202406) and growing assets ($574,776 in 202406). While there have been periods of deficit spending, overall trends suggest stability.
How efficient is Holy Family Educational Corporation with its spending?
The organization demonstrates good spending efficiency, particularly with 0% officer compensation. While specific program spending ratios are not detailed in the provided data, the low administrative overhead implied by zero officer compensation is a positive indicator.
What is the trend in Holy Family Educational Corporation's assets and liabilities?
Assets have generally increased over time, from $37,517 in 201506 to $574,776 in 202406. Liabilities have shown a positive trend of reduction, significantly decreasing from $282,165 in 202006 to $3,230 in 202406.
Does Holy Family Educational Corporation have high administrative costs?
Based on the 0% officer compensation reported across all filings, the organization appears to have very low administrative costs related to executive salaries, which is a strong positive for efficiency.
Filing History
IRS 990 filing history for Holy Family Educational Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Holy Family Educational Corporation's revenue has grown by 220.5%, moving from $458K to $1.5M. Total assets increased by 130.4% over the same period, from $249K to $575K. Total functional expenses rose by 175.6%, from $492K to $1.4M. In its most recent filing year (2024), Holy Family Educational Corporation reported a surplus of $113K, with revenue exceeding expenses. The organization holds $3K in liabilities against $575K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $572K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.4M | $575K | $3K | — | View 990 |
| 2023 | $1.2M | $1.3M | $538K | $79K | — | — |
| 2022 | $1.2M | $1.2M | $623K | $83K | — | View 990 |
| 2021 | $1.3M | $953K | $697K | $94K | — | View 990 |
| 2020 | $1.0M | $1.0M | $582K | $282K | — | View 990 |
| 2017 | $1.2M | $879K | $390K | $300K | — | View 990 |
| 2016 | $565K | $644K | $91K | $279K | — | View 990 |
| 2015 | $582K | $640K | $38K | $143K | — | View 990 |
| 2014 | $454K | $509K | $53K | $101K | — | View 990 |
| 2013 | $410K | $549K | $70K | $63K | — | View 990 |
| 2012 | $458K | $492K | $249K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $1.4M, and assets of $575K (revenue +21.3% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $538K (revenue +3.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $623K (revenue -7.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $953K, and assets of $697K (revenue +23.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $582K (revenue -12.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $879K, and assets of $390K (revenue +104.9% year-over-year).
- 2016: Revenue of $565K, expenses of $644K, and assets of $91K (revenue -2.9% year-over-year).
- 2015: Revenue of $582K, expenses of $640K, and assets of $38K (revenue +28.0% year-over-year).
- 2014: Revenue of $454K, expenses of $509K, and assets of $53K (revenue +10.8% year-over-year).
- 2013: Revenue of $410K, expenses of $549K, and assets of $70K (revenue -10.5% year-over-year).
- 2012: Revenue of $458K, expenses of $492K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Family Educational Corporation:
Data Sources and Methodology
This transparency report for Holy Family Educational Corporation 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.