Catholic Migration Services Inc

Analysis

Catholic Migration Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catholic Migration Services Inc reported income of $6.1m and spending of $5.5m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.4m to $6.1m (+80%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 55%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Migration Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Informing America Inc ($6.1m), Coa Youth & Family Centers Inc ($6.1m) and Venture House Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Other salaries and wages came to $3.4m. It paid $30k in professional fundraising fees. At year end it held assets of $11.8m against liabilities of $4.9m, net assets of $6.9m. It reported 50 employees.