Catholic Charities Diocese of Worcester Inc

Analysis

Catholic Charities Diocese of Worcester Inc is a registered charity in United States, based in West Boylston, MA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities Diocese of Worcester Inc reported income of $12.6m and spending of $13.3m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.8m to $12.6m (+6.5%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Diocese of Worcester Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Compdrug ($12.6m), Camp Allen-Camp and Conference Center ($12.6m) and Second Wind Programs Inc ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $155k (1.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $19.6m against liabilities of $6.0m, net assets of $13.6m. It reported 446 employees.