Catholic Charities Neighborhood Services Inc

Analysis

Catholic Charities Neighborhood Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Neighborhood Services Inc reported income of $118.9m and spending of $118.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $104.5m to $118.9m (+14%), an average of +3.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities Neighborhood Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Metropolitan Atlanta Inc ($118.2m), Open Sky Community Services Inc ($119.3m) and Nysarc Inc ($118.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $1.4m (1.2% of expenses). Other salaries and wages came to $46.4m. At year end it held assets of $58.9m against liabilities of $73.0m, net assets of -$14.1m. It reported 1,097 employees.