Catholic Charities Palm Island Inc

Analysis

Catholic Charities Palm Island Inc is a registered charity in United States, based in Seminole, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities Palm Island Inc reported income of $154k and spending of $171k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $132k to $154k (+16%), an average of +3.8% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Palm Island Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Boxes of Blessing ($154k), Issaquah History Museums ($154k) and Taking Back Our Rights Freedoms and Liberties Inc ($154k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $525k, net assets of $717k.