St Catherines Center for Children

Analysis

St Catherines Center for Children is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, St Catherines Center for Children reported income of $23.8m and spending of $23.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.5m to $23.8m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Catherines Center for Children sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include William Carey International University ($23.8m), Wyckoff Family YMCA ($23.8m) and Central Catholic High School Inc ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $521k (2.2% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $14.0m against liabilities of $9.2m, net assets of $4.8m. It reported 417 employees.