Monsignor Carr Institute

Analysis

Monsignor Carr Institute is a registered charity in United States, based in Buffalo, 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, Monsignor Carr Institute reported income of $7.3m and spending of $7.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $7.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Carr Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Housing Development Partners of San Diego ($7.3m), Solano Diversfield Services Inc ($7.3m) and Marbles Kids Museum ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $95k (1.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.2m against liabilities of $3.1m, net assets of -$953k. It reported 98 employees.