Catholic Charities Corporation

Analysis

Catholic Charities Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catholic Charities Corporation reported income of $60.0m and spending of $66.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $56.2m to $60.0m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include United Cerebral Palsy Seguin of Greater Chicago ($59.9m), Tru Community Care ($60.0m) and Family Service League Inc ($59.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $989k (1.5% of expenses). Other salaries and wages came to $30.4m. It paid $2.3m in professional fundraising fees. At year end it held assets of $74.2m against liabilities of $16.1m, net assets of $58.2m. It reported 973 employees.