Catholic Servant Ministries Inc

Analysis

Catholic Servant Ministries Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2022, Catholic Servant Ministries Inc reported income of $323k and spending of $338k, spending 104% of its income. Across the 4 years on record, from October 2019 to October 2022, income fell from $498k to $323k (-35%), an average of -13% a year. The sharpest change came in the year to October 2020, when income dropped by 71%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Servant Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Lightshine International Ministries ($323k), Evangelium Institute Inc ($323k) and Interim Ministry Network ($323k).

On its Form 990 for the period ending October 2022, revenue came from program service revenue 99% of the total. Other salaries and wages came to $25k. At year end it held assets of $162k against liabilities of $2,000, net assets of $160k. It reported 1 employees.

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.