Catholic Charities Diocese of Trenton

Analysis

Catholic Charities Diocese of Trenton is a registered charity in United States, based in Trenton, NJ. 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 December 2023, Catholic Charities Diocese of Trenton reported income of $57.1m and spending of $56.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.9m to $57.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Diocese of Trenton sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Menlo College ($56.9m), Fisher House Foundation Inc ($57.1m) and Mid-Pacific Institute ($56.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $602k (1.1% of expenses). Other salaries and wages came to $29.9m. At year end it held assets of $44.4m against liabilities of $15.2m, net assets of $29.2m. It reported 696 employees.