Catholic Charities of South Carolina

Analysis

Catholic Charities of South Carolina is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 South Carolina reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $3.8m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of South Carolina sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Forum for the Future US Inc ($3.8m), True Access Capital Corporation ($3.8m) and Liberty Village ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. It paid $17k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.5m.