Catholic Foundation for the Diocese of Gary Inc

Analysis

Catholic Foundation for the Diocese of Gary Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in July 2008, 18 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 2023, Catholic Foundation for the Diocese of Gary Inc reported income of $293k and spending of $338k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $293k (-92%), an average of -47% a year. The sharpest change came in the year to June 2021, when income rose by 435%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation for the Diocese of Gary Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Ministerio Una Mision ($293k), West End Thrift Store Inc ($293k) and Ground Higher ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 22% of the total. At year end it held assets of $14.3m against liabilities of $14.0m, net assets of $322k.