Roman Catholic Pontifical Lay Association Memores Domini

Analysis

Roman Catholic Pontifical Lay Association Memores Domini is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1994, 32 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, Roman Catholic Pontifical Lay Association Memores Domini reported income of $1.6m and spending of $547k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roman Catholic Pontifical Lay Association Memores Domini sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Central Illinois ($1.6m), Youth for Christ USA Inc ($1.6m) and Lansing Area AIDS Network ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $14.8m against liabilities of $2.7m, net assets of $12.1m.