Catholic Charities of Diocese of Albany

Analysis

Catholic Charities of Diocese of Albany 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities of Diocese of Albany reported income of $48.1m and spending of $47.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.1m to $48.1m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of Diocese of Albany sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Urban League of Metropolitan St Louis ($48.1m), Ironton & Lawrence County Area Community Action Organization ($48.2m) and Missouri Coalition for Primary Health Care ($48.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $1.2m (2.6% of expenses). Other salaries and wages came to $25.6m. At year end it held assets of $39.5m against liabilities of $10.5m, net assets of $29.0m. It reported 1,061 employees.