Caritas Tele Communications

Analysis

Caritas Tele Communications is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Caritas Tele Communications reported income of $1.1m and spending of $1.7m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $386k to $1.1m (+185%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 336%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas Tele Communications sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Millers River Educational Cooperative Inc ($1.1m), Health Occupations Students of America ($1.1m) and American Legion Endowment Fund Corporation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 9.6% of the total. At year end it held assets of $10.4m against liabilities of $27k, net assets of $10.4m.