Catholic Schools Foundation Inc

Analysis

Catholic Schools Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Schools Foundation Inc reported income of $29.9m and spending of $19.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $29.9m (+101%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catholic Schools Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include The University of Toledo Foundation ($29.9m), Digital Harbor Foundation Inc ($29.9m) and The Mind Trust Inc ($29.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $302k (1.6% of expenses). Other salaries and wages came to $725k. At year end it held assets of $129.8m against liabilities of $16.4m, net assets of $113.4m. It reported 10 employees.