Catholic Charities Diocese of Norwich Inc

Analysis

Catholic Charities Diocese of Norwich Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in March 1946, 80 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 Charities Diocese of Norwich Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.1m (-33%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 110% 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 Norwich Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include College of the Siskiyous Foundation ($1.1m), Millennium Institute ($1.1m) and Urban and Regional Information Systems Association ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $61k (5.8% of expenses). Other salaries and wages came to $342k. At year end it held assets of $2.3m against liabilities of $2.8m, net assets of -$483k. It reported 17 employees.