St Theodore Catholic School Endowment Fund Inc

Analysis

St Theodore Catholic School Endowment Fund Inc is a registered charity in United States, based in Albert Lea, 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), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Theodore Catholic School Endowment Fund Inc reported income of $58k and spending of $79k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $58k (+138%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 202%. Over the whole period it spent 167% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Theodore Catholic School Endowment Fund Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include First United Methodist Church Foundation of Kerrville Texas Inc ($58k), Food for the Hungry Inc ($58k) and Society of American Foresters ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.2m against liabilities of $2,453, net assets of $1.2m.

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.