Catholic Foundation of South Louisiana

Analysis

Catholic Foundation of South Louisiana is a registered charity in United States, based in Schriever, LA. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2023, Catholic Foundation of South Louisiana reported income of $5.0m and spending of $2.2m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $5.0m (+158%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 43% 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 Foundation of South Louisiana sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Community Clinics at MRH ($5.0m), Greater Lynchburg Community Foundation ($5.0m) and United Way of Lane County ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $129k (6.0% of expenses). Other salaries and wages came to $142k. At year end it held assets of $19.3m against liabilities of $5.0m, net assets of $14.3m. It reported 6 employees.