Catholic Foundation of Allentown Inc

Analysis

Catholic Foundation of Allentown Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2024, Catholic Foundation of Allentown Inc reported income of $1.9m and spending of $774k, leaving 59% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.9m to $1.9m (-51%), an average of -13% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Foundation of Allentown Inc 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 84th percentile within PA. Charities of a similar size with the same main cause include Pathways to Independence ($1.9m), Shaker-Road Loudonville Fire Dept Inc ($1.9m) and Pinecrest School Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $140k (18% of expenses). Other salaries and wages came to $49k. At year end it held assets of $43.4m against liabilities of $30.9m, net assets of $12.5m. It reported 2 employees.