Foundation for the Advancement of Catholic Schools Inc

Analysis

Foundation for the Advancement of Catholic Schools Inc is a registered charity in United States, based in Weatogue, CT. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Foundation for the Advancement of Catholic Schools Inc reported income of $521k and spending of $1.2m, spending 232% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $463k to $521k (+12%), an average of +12% a year. Over the whole period it spent 211% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for the Advancement of Catholic Schools Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Reading Is Fundamental of Southern California Incorporated ($521k), Gonville & Caius College-The Caius Foundation ($521k) and Barrington 220 Educational Foundation ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $13.9m against liabilities of $133k, net assets of $13.8m. It reported 3 employees.