Caritas in Veritate Civ USA

Analysis

Caritas in Veritate Civ USA is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 2013, 13 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, Caritas in Veritate Civ USA reported income of $804k and spending of $519k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $399k to $804k (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caritas in Veritate Civ USA sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Red Lodge Fire Rescue Foundation ($803k), Intergenerational Arctic Ministries ($804k) and Mariucci Family Foundation ($803k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $213k (41% of expenses). Other salaries and wages came to $28k. At year end it held assets of $1.0m against liabilities of $41k, net assets of $968k. It reported 2 employees.