Icatholic Media Inc

Analysis

Icatholic Media Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Icatholic Media Inc reported income of $14.5m and spending of $11.0m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.9m to $14.5m (+12%), an average of +3.9% a year. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Icatholic Media Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Back 2 Back Ministries Inc ($14.3m), Pa Education Association ($14.5m) and Lutheran Metropolitan Ministry ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $67.4m against liabilities of $2.5m, net assets of $64.9m. It reported 60 employees.