Catholic Charities of Fairfield

Analysis

Catholic Charities of Fairfield is a registered charity in United States, based in Shelton, 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 of Fairfield reported income of $15.0m and spending of $13.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $15.0m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of Fairfield sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Morselife Health System Inc ($15.0m), University of North Florida Training & Services Institute Inc ($15.0m) and Cares of Ny Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $492k (3.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $12.1m against liabilities of $1.9m, net assets of $10.2m. It reported 179 employees.