Catholic Charities Foundation

Analysis

Catholic Charities Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Catholic Charities Foundation reported income of $5.2m and spending of $6.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.6m to $5.2m (-40%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Phi Beta Kappa Society ($5.2m), Wayside House Inc ($5.2m) and Northwest College Foundation ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $107k (1.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $19.0m against liabilities of $451k, net assets of $18.6m. It reported 262 employees.