Central Catholic Development Foundation

Analysis

Central Catholic Development Foundation is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central Catholic Development Foundation reported income of $8.4m and spending of $1.5m, leaving 83% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $948k to $8.4m (+787%), an average of +107% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Catholic Development Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include University of Mississippi Educational Building Corporation ($8.4m), Venture Academy ($8.4m) and Washington County Free Library ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $112k (7.7% of expenses). Other salaries and wages came to $67k. At year end it held assets of $14.2m against liabilities of $383k, net assets of $13.9m. It reported 2 employees.