Catholic Institute of the Food Industry Inc

Analysis

Catholic Institute of the Food Industry Inc is a registered charity in United States, based in New City, NY. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catholic Institute of the Food Industry Inc reported income of $75k and spending of $46k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $75k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Institute of the Food Industry Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Ontario Bible Conference Assoc Inc ($75k), California Area Public Library ($75k) and Wisconsin Juvenile Court Intake Association Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.