Catholic Eldercare

Analysis

Catholic Eldercare is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending September 2023, Catholic Eldercare reported income of $21.4m and spending of $20.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.0m to $21.4m (+13%), an average of +3.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Eldercare 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 MN. Charities of a similar size with the same main cause include Lutheran Social Services of the Virgin Islands Inc ($21.4m), Legal Aid Society of Cleveland ($21.4m) and Austin Habitat for Humanity Inc ($21.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $286k (1.4% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $38.1m against liabilities of $34.4m, net assets of $3.7m. It reported 576 employees.