Catholic Charities of Southeast Michigan

Analysis

Catholic Charities of Southeast Michigan is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Catholic Charities of Southeast Michigan reported income of $11.7m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.6m to $11.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 94% 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 Southeast Michigan sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Eye Bank for Sight Restoration Inc ($11.7m), Avery Coonley School ($11.7m) and Potomac Institute for Policy Studies ($11.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $460k (4.2% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $6.1m against liabilities of $3.1m, net assets of $3.1m. It reported 200 employees.