Friends of Catholic University in Chile Inc

Analysis

Friends of Catholic University in Chile Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 September 2023, Friends of Catholic University in Chile Inc reported income of $5.7m and spending of $825k, leaving 86% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $5.7m (+158%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 800%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Catholic University in Chile Inc sits at the 93rd 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 90th percentile within NY. Charities of a similar size with the same main cause include Day Nursery of Abilene ($5.7m), Akiptan ($5.7m) and Harold and Mickey Smith Jewish Acad Emy ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.4m against liabilities of $14k, net assets of $5.3m.