Sister Thea Bowman Black Catholic Education Foundation

Analysis

Sister Thea Bowman Black Catholic Education Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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 June 2023, Sister Thea Bowman Black Catholic Education Foundation reported income of $334k and spending of $357k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $240k to $334k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sister Thea Bowman Black Catholic Education Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Start Senior Solutions ($334k), National Church Residences of ($334k) and Jim Riley Outreach Inc ($334k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $84k (23% of expenses). Other salaries and wages came to $17k. At year end it held assets of $474k against liabilities of $23k, net assets of $451k. It reported 3 employees.