Catholic Charities Housing Sarasota Inc

Analysis

Catholic Charities Housing Sarasota Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Catholic Charities Housing Sarasota Inc reported income of $197k and spending of $283k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $208k to $197k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Housing Sarasota Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include North Dakota Knights of Columbus Foundation ($197k), Friends of Wheeling Inc ($197k) and Morgan Hill Parent-Child Nursery School Inc ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $38k. At year end it held assets of $2.6m against liabilities of $3.3m, net assets of -$670k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.