Catholic Charities of the Archdiocese of Miami Inc

Analysis

Catholic Charities of the Archdiocese of Miami Inc is a registered charity in United States, based in Wilton Manors, FL. 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Catholic Charities of the Archdiocese of Miami Inc reported income of $53.7m and spending of $36.7m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $29.3m to $53.7m (+83%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities of the Archdiocese of Miami Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Cal Farleys Boys Ranch ($53.7m), Cornerstones of Care ($53.8m) and Greenpath Inc ($53.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $643k (1.8% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $55.8m against liabilities of $2.1m, net assets of $53.7m. It reported 447 employees.