Independent Catholic Foundation

Analysis

Independent Catholic Foundation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Independent Catholic Foundation reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $1.9m to $2.1m (+10%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 444%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Independent Catholic Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Chayenu Inc ($2.1m), Cassia ($2.1m) and Aim Higher Foundation ($2.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 56% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $100k (4.8% of expenses). Other salaries and wages came to $53k. At year end it held assets of $35.9m against liabilities of $1.7m, net assets of $34.2m. It reported 2 employees.