Opus Caritatis Inc

Analysis

Opus Caritatis Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opus Caritatis Inc reported income of $6.0m and spending of $4.2m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.7m to $6.0m (-78%), an average of -32% a year. The sharpest change came in the year to June 2021, when income dropped by 83%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opus Caritatis Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Central Coast Commission for Senior Citizerns ($6.0m), Community News Foundation ($6.0m) and District XI Human Resource Council Inc ($6.0m).

At year end it held assets of $385.2m against liabilities of $28k, net assets of $385.1m.