Cardinal Newman Society for the Preservation of Catholic HGR Educ

Analysis

Cardinal Newman Society for the Preservation of Catholic HGR Educ is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Cardinal Newman Society for the Preservation of Catholic HGR Educ reported income of $2.1m and spending of $2.7m, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.1m (+14%), an average of +3.3% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cardinal Newman Society for the Preservation of Catholic HGR Educ sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Open Doors Kalamazoo ($2.1m), Mazaska Owecaso Otipi Financial Inc ($2.1m) and Westminster Village of Mid-South ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $406k (15% of expenses). Other salaries and wages came to $736k. At year end it held assets of $2.6m against liabilities of $192k, net assets of $2.5m. It reported 21 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.