Catholic Eldercare Community Foundation Inc

Analysis

Catholic Eldercare Community Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Catholic Eldercare Community Foundation Inc reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.6m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Eldercare Community Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Pregnancy Support Network ($2.6m), Timpson Housing Development Fund Corporation ($2.6m) and Walker County Community Action Agency Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 66% of the total. At year end it held assets of $16.9m against liabilities of $4.2m, net assets of $12.7m.