Catholic Medical Mission Board Inc

Analysis

Catholic Medical Mission Board Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Catholic Medical Mission Board Inc reported income of $364.1m and spending of $463.0m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $433.9m to $364.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to September 2023, when income dropped by 24%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Catholic Medical Mission Board 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include World Resources Institute ($357.8m), The Rotary Foundation of Rotary International ($376.4m) and Institute of International Education Inc ($347.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $811k (0.2% of expenses). Other salaries and wages came to $10.7m. It paid $810k in professional fundraising fees. At year end it held assets of $88.4m against liabilities of $6.4m, net assets of $82.0m. It reported 57 employees.