Catholic Charities Diocese of Venice Inc

Analysis

Catholic Charities Diocese of Venice Inc is a registered charity in United States, based in Venice, 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 Diocese of Venice Inc reported income of $14.9m and spending of $13.1m, spending 88% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $9.0m to $14.9m (+66%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 45%. 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 Diocese of Venice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Byrd Barr Place ($14.9m), North County Lifeline Inc ($14.9m) and Day Care Council of New York Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $432k (3.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $19.0m against liabilities of $964k, net assets of $18.1m. It reported 122 employees.