Massimino Cataldo Fund

Analysis

Massimino Cataldo Fund is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in January 1971, 55 years ago. 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, Massimino Cataldo Fund reported income of $57k and spending of $95k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $57k (+124%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 252%. Over the whole period it spent 174% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massimino Cataldo Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Hawley Cemetery Association ($57k), Oakwood Boosters Association Inc ($57k) and PTA California Congress of Parents Teachers & Students Inc ($57k).

At year end it held assets of $617k against liabilities of $0, net assets of $617k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.