Catholic Press Association of the United States Inc

Analysis

Catholic Press Association of the United States Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Press Association of the United States Inc reported income of $733k and spending of $832k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $728k to $733k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Press Association of the United States Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Ecs Ministries ($733k), Vien Thong Pagoda ($733k) and Psalm 119 Association Inc ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $117k (14% of expenses). Other salaries and wages came to $136k. At year end it held assets of $814k against liabilities of $69k, net assets of $745k. It reported 6 employees.