Christian Brothers Financing Organization

Analysis

Christian Brothers Financing Organization is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Christian Brothers Financing Organization reported income of $97k and spending of $87k, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $618k to $97k (-84%), an average of -37% a year. The sharpest change came in the year to July 2023, when income dropped by 81%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Brothers Financing Organization sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Cabrillo Beach Boosters Incorporated ($97k), State Street Debating Society Ltd ($97k) and Jefferson City Schools Band Boosters Inc ($97k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 0.1% of the total. At year end it held assets of $10.0m against liabilities of $111k, net assets of $9.9m.