Catholic Charitable Bureau of the Archdiocese of Boston Inc

Analysis

Catholic Charitable Bureau of the Archdiocese of Boston Inc is a registered charity in United States, based in South Boston, MA. It received its IRS tax-exemption ruling in October 1975, 51 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, Catholic Charitable Bureau of the Archdiocese of Boston Inc reported income of $45.1m and spending of $45.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.1m to $45.1m (+18%), an average of +4.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charitable Bureau of the Archdiocese of Boston Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Joni and Friends ($45.1m), Goodwill Industries of Northern Il & Wi Stateline Area Inc ($45.3m) and Baby2baby ($45.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $679k (1.5% of expenses). Other salaries and wages came to $20.4m. At year end it held assets of $57.1m against liabilities of $12.3m, net assets of $44.8m. It reported 581 employees.