Catholic Charities of the Diocese of Sioux City

Analysis

Catholic Charities of the Diocese of Sioux City is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Catholic Charities of the Diocese of Sioux City reported income of $8.6m and spending of $2.5m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $8.6m (+424%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 597%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of the Diocese of Sioux City 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 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Montana Independent Living Project Inc ($8.6m), Gan Kavod Inc ($8.6m) and Associated Students of the University of Calif at Berkeley ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $138k (5.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.3m against liabilities of $141k, net assets of $10.2m. It reported 31 employees.