Catholic Community Foundation of Los Angeles

Analysis

Catholic Community Foundation of Los Angeles is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Community Foundation of Los Angeles reported income of $29.4m and spending of $40.7m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117.7m to $29.4m (-75%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Community Foundation of Los Angeles sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Corporate Chaplains of America Inc ($29.1m), Marketplace Ministries Inc ($29.7m) and T E R I Inc ($28.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $1.4m (3.4% of expenses). Other salaries and wages came to $727k. At year end it held assets of $313.5m against liabilities of $225.5m, net assets of $87.9m. It reported 25 employees.