Catholic Foundation for Diocese of Salina

Analysis

Catholic Foundation for Diocese of Salina is a registered charity in United States, based in Salina, KS. 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 Foundation for Diocese of Salina reported income of $5.5m and spending of $4.3m, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $19.0m to $5.5m (-71%), an average of -71% a year. The sharpest change came in the year to June 2023, when income dropped by 71%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Foundation for Diocese of Salina 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 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Historic Charleston Foundation ($5.5m), Union Congregational Church Homes Inc ($5.5m) and Memorial Health Care System Foundation Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $25k (0.6% of expenses). Other salaries and wages came to $223k. At year end it held assets of $37.1m against liabilities of $23k, net assets of $37.1m.