Catholic Charities of Eastern Virginia Inc

Analysis

Catholic Charities of Eastern Virginia Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Catholic Charities of Eastern Virginia Inc reported income of $2.9m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.9m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 25%. 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, Catholic Charities of Eastern Virginia Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Aurora Inc ($2.9m), Verde Valley Caregivers Coalition ($2.9m) and The Center for Healthy Families Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $125k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.8m against liabilities of $927k, net assets of $1.9m. It reported 76 employees.