Catholic Education Development Fund

Analysis

Catholic Education Development Fund is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 December 2023, Catholic Education Development Fund reported income of $81k and spending of $9,803, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $81k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Education Development Fund sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Brownsville-Haywood County Senior Center ($81k), Amagansett Historical Association ($81k) and Friends of the Fauquier Library ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.