Catholic Foundation for the Diocese of Davenport

Analysis

Catholic Foundation for the Diocese of Davenport is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church 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 Davenport reported income of $14.6m and spending of $2.0m, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $286k to $14.6m (+5025%), an average of +168% a year. The sharpest change came in the year to June 2022, when income rose by 3290%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Foundation for the Diocese of Davenport 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 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Lowell School ($14.6m), Otterbein Portage Valley Inc ($14.6m) and Tri State Community Health Center Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $49k (2.5% of expenses). At year end it held assets of $33.4m against liabilities of $390k, net assets of $33.0m.