Catholic Community Foundation

Analysis

Catholic Community Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Catholic Community Foundation reported income of $19.9m and spending of $22.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.8m to $19.9m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Mooseheart Child City & School Inc ($19.9m), Behavioral Health Resources ($19.9m) and Albany Academy ($19.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $227k (1.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $217.7m against liabilities of $64.1m, net assets of $153.6m. It reported 21 employees.