Catholic Charities of the Diocese of St Cloud

Analysis

Catholic Charities of the Diocese of St Cloud is a registered charity in United States, based in Saint Cloud, MN. 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 of the Diocese of St Cloud reported income of $23.9m and spending of $24.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.4m to $23.9m (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities of the Diocese of St Cloud sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Northern California Congregational Retirement Homes Inc ($23.9m), Covenant Living of Florida Inc ($24.0m) and Jewish Family Service ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $314k (1.3% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $13.7m against liabilities of $1.7m, net assets of $12.0m. It reported 415 employees.