Catholic Charities of the Roman Catholic Diocese of Syracuse Ny

Analysis

Catholic Charities of the Roman Catholic Diocese of Syracuse Ny is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Charities of the Roman Catholic Diocese of Syracuse Ny reported income of $74.7m and spending of $73.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73.4m to $74.7m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities of the Roman Catholic Diocese of Syracuse Ny 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 The Bridge Inc ($74.5m), Food Rescue US Inc ($75.0m) and Regional Food Bank of Northeast Florida Inc ($74.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $680k (0.9% of expenses). Other salaries and wages came to $35.6m. At year end it held assets of $70.9m against liabilities of $17.0m, net assets of $54.0m. It reported 1,188 employees.