Catholic United Financial Foundation

Analysis

Catholic United Financial Foundation is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 United Financial Foundation reported income of $9.1m and spending of $10.7m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $9.1m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catholic United Financial Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Genyouth Inc ($9.1m), Manor Park Foundation Inc ($9.1m) and Consortium of Florida Education Foundations Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $42.1m against liabilities of $220k, net assets of $41.8m.