Catholic Financial Life Foundation Inc

Analysis

Catholic Financial Life Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Catholic Financial Life Foundation Inc reported income of $831k and spending of $375k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $831k (+373%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 260%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catholic Financial Life Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Malouf Foundation ($831k), American Friends of Mosdot Zera Yitzchak Inc ($831k) and Peter Michael Foundation ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.