Catherine Marian Housing Inc

Analysis

Catherine Marian Housing Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in May 2020, 6 years ago. 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 June 2023, Catherine Marian Housing Inc reported income of $290k and spending of $340k, spending 117% of what it took in. Across the 4 years on record, from October 2019 to June 2023, income fell from $382k to $290k (-24%), an average of -8.8% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catherine Marian Housing Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within WI. Charities of a similar size with the same main cause include Cue Mid-America United Church of Christ PRGRM & Theological Ed Inc ($290k), Salem Arms Community Housing ($290k) and Ahepa Mother Lodge Chapter No 1 Educational Fund Inc ($290k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $109k. At year end it held assets of $626k against liabilities of $15k, net assets of $611k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.