Catholic Benefits Association Lca

Analysis

Catholic Benefits Association Lca is a registered charity in United States, based in Castle Rock, CO. 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 December 2023, Catholic Benefits Association Lca reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Benefits Association Lca sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include National Junior Basketball ($1.9m), Broken Arrow Inc ($1.9m) and Northeast Iowa Community College Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $461k (28% of expenses). Other salaries and wages came to $227k. At year end it held assets of $3.0m against liabilities of $283k, net assets of $2.7m. It reported 4 employees.