Catholic Distance University Inc

Analysis

Catholic Distance University Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Distance University Inc reported income of $2.4m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catholic Distance University Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Stone Independent School ($2.4m), Indiana Agriculture Education Inc ($2.4m) and Humble Isd Education Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 40% of the total. Other salaries and wages came to $338k. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $764k. It reported 47 employees.