Catholic Charities of the Diocese of Palm Beach Inc

Analysis

Catholic Charities of the Diocese of Palm Beach Inc is a registered charity in United States, based in Palm BCH GDNS, 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 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 2023, Catholic Charities of the Diocese of Palm Beach Inc reported income of $7.2m and spending of $8.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $7.2m (+1.9%), an average of +0.5% a year. Over the whole period it spent 102% 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 Diocese of Palm Beach Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include The Young Mens Christian Association of the Capital Area ($7.2m), Indiana County Community Action Program Inc ($7.2m) and Avenidas ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $243k (3.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.0m against liabilities of $448k, net assets of $5.6m. It reported 99 employees.