Trustees of the College of the Holy Cross
Overview
Mission
See schedule o
What it reported doing in 2024
The primary program is undergraduate instruction in the liberal arts that leads to a bachelor of arts degree. The curriculum includes programs in the arts, sciences, social sciences, and humanities. See detail on schedule o.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 042103558
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Worcester, MA, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Universities
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Accountability: 96
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.9%; rating input score 90
- Program expense ratio: 84.1%; rating input score 84
- Fundraising efficiency: $4.08 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Grant itemization coverage: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 43rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 2.6%; rating input score 45; 45th percentile among comparable filings
- Operating reserve ratio: 4.94; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 89.9% of revenue deployed · 84.1% of spending went to programs
- Governance: 32 of 34 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $301M in reported program spending
- Leadership: top reported pay $987K · 49 people listed · 5 of 6 pay-setting controls reported
- Consistency: 47 of 47 current checks pass
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 15 filed money-flow records
- Related organizations: 3 filed related-organization links