Credo of the Catholic Laity

Analysis

Credo of the Catholic Laity is a registered charity in United States, based in Saint Charles, MO. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Credo of the Catholic Laity reported income of $79k and spending of $95k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $79k (+19%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Credo of the Catholic Laity sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MO. Charities of a similar size with the same main cause include Schaeffer Center for Christian Study ($79k), Haven of Light Ministries Inc ($79k) and Restored Souls Ministries Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.