Catholic Volunteer Network

Analysis

Catholic Volunteer Network is a registered charity in United States, based in Bethesda, MD. 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 2024, Catholic Volunteer Network reported income of $209k and spending of $509k, spending 243% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $414k to $209k (-49%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Volunteer Network sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Little League Baseball Inc ($209k), Danebo Inc ($209k) and Crookston Fire Fighters Assn ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $100k (20% of expenses). Other salaries and wages came to $176k. At year end it held assets of $760k against liabilities of $62k, net assets of $698k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.