Associated Catholic Charities Inc

Analysis

Associated Catholic Charities Inc is a registered charity in United States, based in Timonium, MD. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Associated Catholic Charities Inc reported income of $127.6m and spending of $127.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $115.8m to $127.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Associated Catholic Charities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Misericordia Home ($127.4m), Rise Inc ($127.7m) and Greater Washington Urban League Inc ($125.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $3.0m (2.4% of expenses). Other salaries and wages came to $70.0m. At year end it held assets of $231.3m against liabilities of $60.5m, net assets of $170.9m. It reported 2,220 employees.