Catholic Neighborhood Outreach Incorporated

Analysis

Catholic Neighborhood Outreach Incorporated is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Catholic Neighborhood Outreach Incorporated reported income of $2.9m and spending of $2.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.9m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Neighborhood Outreach Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Georgia Southwestern Foundation Inc ($2.9m), Academy Inc Flint River ($2.9m) and Southeastern Massachusetts Veterans Housing Program Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $453k.