Catholic Ministry to the Elderly

Analysis

Catholic Ministry to the Elderly is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Catholic Ministry to the Elderly reported income of $473k and spending of $342k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $204k to $473k (+132%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 646%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Ministry to the Elderly sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Harbor Palliative Care Services Inc ($473k), Coordinated Assistance Ministries Inc ($473k) and End Human Trafficking Inc ($473k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 71% of the total. Other salaries and wages came to $298k. At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m. It reported 6 employees.