The Catholic Foundation of Greater Philadelphia

Analysis

The Catholic Foundation of Greater Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2024, The Catholic Foundation of Greater Philadelphia reported income of $17.7m and spending of $21.6m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.7m to $17.7m (+164%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Catholic Foundation of Greater Philadelphia sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Interfaith Works Inc ($17.6m), Canal Alliance ($17.8m) and Allgemeine Anthroposophische ($17.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $472k (2.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $51.5m against liabilities of $14.5m, net assets of $37.0m. It reported 35 employees.