St Charles Borromeo Educationalfoundation

Analysis

St Charles Borromeo Educationalfoundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, St Charles Borromeo Educationalfoundation reported income of $898k and spending of $415k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $898k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Charles Borromeo Educationalfoundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Joy Overflow International Ministries ($897k), Franciscan Community Benefits Services Inc ($898k) and Anago Partners Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% of the total. At year end it held assets of $17.3m against liabilities of $0, net assets of $17.3m.