Catholic Charities Regional Agency

Analysis

Catholic Charities Regional Agency is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Catholic Charities Regional Agency reported income of $3.3m and spending of $3.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catholic Charities Regional Agency sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Lower Roxbury Community Corporation ($3.3m), Hackdiversity Inc ($3.3m) and Dreamcatchers Empowerment Network ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $104k (2.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $883k against liabilities of $331k, net assets of $552k. It reported 70 employees.