Catholic Charities of the Archdiocese of Newark

Analysis

Catholic Charities of the Archdiocese of Newark is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Catholic Charities of the Archdiocese of Newark reported income of $36.8m and spending of $35.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.3m to $36.8m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities of the Archdiocese of Newark sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include YWCA Metropolitan Chicago ($36.8m), Jewish Social Service Agency ($36.8m) and Rockaway Home Attendant Services Inc ($36.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $16.8m. At year end it held assets of $39.7m against liabilities of $46.7m, net assets of -$7.0m. It reported 633 employees.