Commonwealth Catholic Charities

Analysis

Commonwealth Catholic Charities is a registered charity in United States, based in Richmond, VA. 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 (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, Commonwealth Catholic Charities reported income of $22.4m and spending of $22.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.7m to $22.4m (+64%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonwealth Catholic Charities sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Everas Community Services Inc ($22.4m), Action for a Better Community Inc ($22.4m) and Granite State Independent Living ($22.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $550k (2.4% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $11.3m against liabilities of $3.9m, net assets of $7.4m. It reported 332 employees.